UK's CMA approved Pennon's £380m acquisition of SES Water, addressing initial concerns about weakening Ofwat's authority.
UK's Competition and Markets Authority (CMA) approved Pennon's £380m acquisition of SES Water, enabling the FTSE 250 firm to take control of water services for 845,000 customers in south-east England. Initially, the CMA had concerns about the deal potentially weakening Ofwat's authority as a water regulator. However, Pennon agreed to provide separate reporting info for SES Water, enabling the CMA to give the deal the green light.
June 14, 2024
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