Watchdog makes waves over latest Pennon takeover
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![[1]](image.php?loc=UK&i=https://www.thetimes.co.uk/imageserver/image/%2Fmethode%2Ftimes%2Fprod%2Fweb%2Fbin%2Fc2e6751d-c0b9-495e-84e7-50f189d838bb.jpg?crop=5000%2C2813%2C0%2C259&resize=1200){kind=link}
We haven't been able to take payment You must update your payment details via My Account or by clicking update payment details to keep your subscription. Act now to keep your subscription We've tried to contact you several times as we haven't been able to take payment. You must update your payment details via My Account or by clicking update payment details to keep your subscription. Your subscription is due to terminate We've tried to contact you several times as we haven't been able to take payment. You must update your payment details via My Account, otherwise your subscription will terminate. Saturday May 18 2024 The competition watchdog is widening its investigation into the £380 million takeover of Sutton and East Surrey Water by Pennon. This year Pennon, the listed owner of South West Water, agreed to bail out Sutton and East Surrey by buying out its Japanese owners. Sumitomo Corporation and Osaka Gas are due to get £89 million for their holdings, with Pennon taking on the company's £291 million of debt. However, the Competition and Markets Authority has stepped in, voicing concern that the disappearance of Sutton and East Surrey as an independent company would upset the "dataset" on the industry held by Ofwat, the industry regulator, and would reduce "the number of comparators" that help it to set bills and service quality targets. "We're concerned that this