Affected market: Water
The transaction was completed on 16 May 2006. Alberta Investment
Management notified the transaction on 21 July 2006. The statutory
deadline expires on 15 September 2006.
On the basis of the information available to it, the Office of Fair
Trading does not believe that the completed acquisition by Alberta
Investment Management of a 12.5% shareholding in Aqueduct Capital (UK)
Limited (including its wholly-owned subsidiary, Sutton & East Surrey
Water Limited) gives rise to a relevant merger situation for the
purposes of the Enterprise Act 2002 (the Act) because this acquisition
does not confer on Alberta Investment Management control over Aqueduct
Capital (UK) Limited and therefore these two enterprises have not ceased
to be distinct.
A reference to the Competition Commission under the Water Industries Act
1991 is therefore not triggered because the OFT does not believe that it
is or may be the case that the competed acquisition has resulted in the
merger of any two or more water enterprises.
Published 3 September 2006