AMENDED: PENNON / SUMISHO OSAKA GAS WATER UK

GENERAL TEXT AMENDMENT

The following amendments have been made to the ' MERGER UPDATE: PENNON / SUMISHO OSAKA GAS WATER UK' announcement released on 27 February 2024 at 7am under RNS No 4998E.

Invitation to comment closing date added.  

All other details remain unchanged.

The full amended text is shown below.

Completed acquisition by Pennon Group plc of Sumisho Osaka Gas Water UK

Invitation to Comment: closes on 12 March 2024

The Competition and Markets Authority (CMA) is considering pursuant to section 32(b) of the Water Industry Act 1991 (WIA91), whether it is or may be the case that a merger of two or more water enterprises has taken place and, if so, whether the creation of that situation is likely to prejudice Ofwat's ability, in carrying out its functions, to make comparisons between water enterprises.

The CMA is issuing this preliminary 'invitation to comment' to allow interested parties to submit to the CMA any initial views on the impact that the transaction could have on water regulation in England and Wales. The CMA has not yet launched its formal investigation into this transaction. This invitation to comment is the first part of the CMA's information-gathering process.

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

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

Pennon.SOGWUK@cma.gov.uk