The U.K. Competition and Markets Authority (CMA) announced Wednesday it is seeking comments on E.ON SE’s planned acquisition of Ovo Energy. This information-gathering phase serves as the preliminary step before a formal investigation into the deal’s market impact.
The German utility giant reached an agreement to purchase its rival for an undisclosed sum in May. The CMA set a July 23 deadline for interested parties to submit views on how the merger affects competition. This regulatory review will determine the completion of a major consolidation in the U.K. energy sector.