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 it
Recommend
Exeter wholesale broadband company agrees merger
2025-04-02 11:21:14
2025-04-02 11:21:14
Sheffield battery firm seals $7m funding to roll out clean energy tech in Africa
2025-04-02 11:21:14
2025-04-02 11:21:14
Newcastle canning company CRL Foods gets £1m Northern Powerhouse investment
2025-04-02 11:21:14
2025-04-02 11:21:14
Anglo American presses ahead with demerger of platinum business
2025-04-02 11:21:14
2025-04-02 11:21:14
SMEs could win more public sector contracts under new AI-powered procurement pilot in Greater Manchester
2025-04-02 11:21:14
2025-04-02 11:21:14
Healthtech start-up bags Europe's largest pre-seed funding round for female founders
2025-04-02 11:21:14
2025-04-02 11:21:14
UK Government achieves NHS appointment target early, yet challenges remain
2025-04-02 11:21:14
2025-04-02 11:21:14
10 questions for Sarah Thackray of Beaconhouse Events
2025-04-02 11:21:14
2025-04-02 11:21:14
Wiltshire pet insurance firm snaps up dog health app
2025-04-02 11:21:14
2025-04-02 11:21:14
Moonpig founder and former Dragons' Den star opens new Wiltshire business school
2025-04-02 11:21:14
2025-04-02 11:21:14
