Pennon Group's acquisition of SES Water could impede Ofwat’s ability to make comparisons between companies, according to the Competition and Markets Authority (CMA). The watchdog has suggested the deal, agreed in January, may limit the way Ofwat can carry out its statutory functions. Consequently, the CMA has escalated its investigation to a Phase 2 review, which will further explore the implications of the takeover.
Pennon’s acquisition of SES could ‘harm’ Ofwat’s ability to regulate
