Sunday, August 19, 2012
The case of South Staffordshire/Cambridge: is clearer water emerging?
Posted by D. Daniel Sokol
OXERA asks The case of South Staffordshire/Cambridge: is clearer water emerging?
ABSTRACT: In May 2012, the UK Competition Commission cleared a water merger without requiring any undertakings: the first time this has happened in the history of the privatised water sector. Building on previous analysis, the CC changed its approach to valuing the detriments to regulation of the water sector caused by mergers. Along with proposed changes to the merger regime being put forward in the Draft Water Bill, this case should provide clearer guidance to those considering acquisitions in the sector.