Pennon Group plc (GB:PNN) has released an update.
The Competition and Markets Authority has approved the merger of Sutton and East Surrey Water with South West Water, a move that Pennon Group plc welcomed after its acquisition announcement earlier this year. The approval includes the condition of separate reporting for SES Water’s financials and performance. This strategic development could impact Pennon Group’s market position and overall financial stability.
For further insights into GB:PNN stock, check out TipRanks’ Stock Analysis page.
