Merger Update: Brookfield/Scotia Gas Networks

START OF CMA MERGER INVESTIGATION: ANTICIPATED ACQUISITION BY BROOKFIELD ASSET MANAGEMENT INC. OF A MINORITY SHAREHOLDING IN SCOTIA GAS NETWORKS LIMITED 

The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

The CMA announced the launch of its merger inquiry by notice to the Parties on 11 January 2022 and has a deadline of 8 March 2022 for its phase 1 decision.

Invitation to comment: closes 26 January 2022

To assist it with this assessment, the CMA invites comments on the transaction from any interested party.

These comments should be provided by the deadline set out above to:

Principal Case Officer name: Adnan Farook 

Tel no: 020 3738 6920 

E-mail: adnan.farook@cma.gov.uk