Pennon Group's acquisition of Sutton and East Surrey Water referred for Phase 2 CMA review

Pennon Group's acquisition of Sumisho Osaka Gas Water UK (holding company of Sutton and East Surrey Water) has been referred for a Phase 2 review by the CMA. Pennon intends to offer undertakings to address competition concerns.

“Today, the Competition and Markets Authority ("CMA") published the outcome of its Phase 1 merger review following Pennon's acquisition of Sumisho Osaka Gas Water UK Limited ("SOGWUK"), the holding company of Sutton and East Surrey Water ("SES Water") and certain other ancillary businesses, which was”markets.ft.com

• 1 source
• markets.ft.comSutton and East Surrey Water - Acquisition update – Company Announcement - FT.comMay 3, 2024

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