Watchdog launches probe into £2.1bn takeover of Electricity North West
The Competition and Markets Authority (CMA) has initiated an investigation into a £2.1bn deal for the acquisition of Electricity North West by Iberdrola, the owner of ScottishPower.
The probe, announced by the competition watchdog, is centred on a deal first unveiled by Iberdrola in August of the previous year, as reported by City AM.
The CMA stated that it is examining whether the transaction could potentially impact competition within the sector, with a decision on whether to escalate the case for a more detailed investigation expected by 27 March. Stakeholders have until 12 February to submit their observations.
If no competition concerns are raised, the agreement will enable Iberdrola to incorporate a significant portion of North West England’s power grid into its network.
Iberdrola consente
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