UK competition regulator launches merger inquiry into E.ON-OVO deal
The UK Competition and Markets Authority is investigating the E.ON-OVO deal to assess whether it would substantially lessen competition. Combined group would supply nearly 10m UK customers; E.ON has 5.6m and OVO 4m.
The Competition and Markets Authority has opened a merger inquiry into the E.ON-OVO deal to assess whether the combination would substantially lessen competition. The combined utility group would supply nearly 10m customers across the UK. E.ON already supplies 5.6 million customers, while OVO supplies a further 4 million.