SOUTH STAFFORDSHIRE PLC NEWS ARTICLE
01/06/12 - Competition Commission clears the acquisition of Cambridge Water
The Competition Commission (CC) has today issued it's final report into their review of the acquisition of Cambridge Water by South Staffordshire Plc. In line with its preliminary findings in April the CC has formally cleared the acquisition.
The CC recognised the potential for positive benefits of the enlarged business from the sharing of best practice and increased resilience to increase further the performance of both businesses.
Commenting on the final report, Adrian Page, Executive Director of South Staffordshire Plc said "Cambridge Water is an excellent business and I am pleased that this period of uncertainty has come to an end. We remain committed to continuing to provide high standards of service to our customers within both water companies, whilst benefiting from the sharing of best practice and improving resilience".