OFT closed case: Completed acquisition by Scottish and Southern Energy plc of an additional 8.36 per cent stake in Barking Power Ltd
Affected market: Electricity generation
The transaction was notified on 17 January 2006. The initial period for consideration commenced on 6 March, and will expire on 28 April. The merger was completed on 13 January 2006 and the statutory deadline is 10 May 2006.
On the basis of the information available to it, the Office of Fair Trading has decided that the completed acquisition by Scottish and Southern Energy plc of an additional 8.36% stake in Barking Power Ltd does not qualify for investigation under the merger provisions of the Enterprise Act 2002 (the Act), because there is no change in the level of control. A relevant merger situation has, therefore, not been created.