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In May 2012, the UK Competition Commission (CC) 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.
Alan Horncastle, Giordano Colarullo and James Aitken
A comprehensive service bringing together the case-law of the Competition Appeal Tribunal