The U.K. Competition and Markets Authority said Tuesday that it is inviting comments on National Grid PLC’s completed acquisition of PPL WPD Investments Ltd. from PPL Corp. as it considers whether the deal might hurt competition in the U.K.
The antitrust watchdog said it has a deadline of Sept. 8 for its phase 1 decision, and that it is inviting comments from interested parties to assist it with the assessment.
National Grid in March agreed to acquire Western Power Distribution as part of its U.K. pivot toward electricity. The FTSE 100 energy-networks company said WPD, the largest U.K. electricity distribution business, was being acquired for an equity value of 7.8 billion pounds ($10.83 billion).
Post time: Jul-14-2021