CMA starts review of National Grid's PPL WPD acquisition
National Grid
950.00p
12:39 31/12/24
0.68%
6.40p
The Competition and Markets Authority said on Tuesday that it is considering whether National Grid’s acquisition of PPL WPD Investments has led to competition issues.
FTSE 100
8,173.02
13:09 31/12/24
n/a
n/a
FTSE 350
4,510.61
12:59 31/12/24
n/a
n/a
FTSE All-Share
4,467.80
13:14 31/12/24
n/a
n/a
Gas, Water & Multiutilities
5,943.56
12:59 31/12/24
0.67%
39.38
In June, National Grid completed the acquisition of PPL Investments, the holding company of Western Power Distribution - the UK’s largest electricity distribution business - for £7.8bn.
However, the competition watchdog has now said it will consider whether the deal "has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services".
The CMA has invited comments from any interested parties by 26 July.