General Utilities PLC and The Mid Kent Water Company

Monopolies and Mergers Commission report into the acquisition of shares in Mid Kent Water by General Utilities. The Commission found the transaction would operate against the public interest in line with the then applicable "principle that the number of water enterprises which are under independent control should not be reduced so as to prejudice [Ofwat's] ability [...] to make comparisons between [...] water enterprises", and recommended remedies to ensure that General Utilities (which became Veolia) would not control Mid Kent. The Secretary of State accepted the recommendations and Veolia agreed to keep its shareholding in Mid Kent below 19.5 per cent.

See Water mergers for background and other cases.

For further information or advice please contact Franck Latrémolière.

Filed under Competition Commission, Merger control, Water.

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