Europe looks ahead to the US

Article Abstract:

Planned liberalization of the US power market is set to see a rash of important and expensive mergers and acquisitions deals during 2000, with many UK firms looking to the US for expansion opportunities. UK-based PowerGen is reported seeking a takeover deal up to the value of $5 billion in the US during 2000. Deregulation of the power industry throughout Europe will also be conducive to consolidative mergers and acquisition transactions.

PETROLEUM AND COAL PRODUCTS, Energy, Utilities, Planning, Acquisitions and mergers, Power resources, PowerGen PLC

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Comission forces Veba-Vias rethink

Article Abstract:

The European Commission has objected to the 40 billion euro merger of the German electricity utilities Veba and Viag as the deal is incompatible with EU free trade rules. Meanwhile, in the UK, the retirement of the director-general of regulator Ofwat may lead to mergers in the water industry.

Electric utilities, Water utilities, Veba AG, Viag AG

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WPD wins water war

Article Abstract:

The acquisition by US Western Power Distribution (WPD) of Welsh water and electric utility Hyder is discussed. The competition and controversial procedure for bidding by WPD and Nomura is analyzed.

Hyder PLC, Municipal water supply, Western Power Distribution, Nomura America Corp.

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