A ray of hope for UK mergers
- From: Vol 5, Issue 8 (August 2004)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Barclays Capital, Denton Wilde Sapte, Mid Kent Water, Oxera Consulting, Southern Water, Stone & Webster, United Utilities, Veolia and Welsh Water (Dwr Cymru)
Ofwat may soon lose the ability to block water industry mergers, according to the experts brought together for a seminar last month by Denton Wilde Sapte.
The introduction of the new competition regime in the UK by the end of this year will greatly enhance the prospect of water mergers in 2005, M&A advisers and industry analysts believe.
The provisions of the 2002 Enterprise Act governing mergers and acquisitions will finally come into effect through statutory instrument before 31 December and should enable firms to ...
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