UK Regulator Invites Comments on National Grid's Acquisition of PPL WPD
July 13 2021 - 2:33AM
Dow Jones News
By Adria Calatayud
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).
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
July 13, 2021 02:28 ET (06:28 GMT)
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