Sweb bid to receive green light
Sunday 20 August 1995
Political observers think Southern Electric International of Atlanta, Georgia, is likely to get the go-ahead from ministers as there are few competition issues surrounding its pounds 1bn offer for Sweb.
A fortnight ago the DTI requested an extension of the deadline for deciding on a referral because ministers had not had time to study recommendations from Offer, the electricity regulator.
Although the extension runs to September, but all three DTI ministers involved - Board of Trade President Ian Lang, competition minister Jonathan Evans and energy minister Tim Eggar - have now returned from holiday.
Even if they do clear the bid, it could still end up before the MMC if Offer and the Americans are unable to reach agreement on regulatory issues.
Scottish Power's pounds 1bn bid for Manweb is also expected to go before the DTI soon, but it is considered more likely to be referred immediately as it involves one regional electricity company taking over another.
Unless political considerations delay the announcement, the clearing of the way for Southern will probably be straddled by defensive announcements from the two target companies.
Manweb is scheduled to issue its first defence document tomorrow, but industry analysts say it will be more bark than bite.
- 1 This 'woman calls police to order pizza' story isn't going where you're expecting
- 2 Axe wielding man shot dead after attacking four New York policemen on busy street
- 3 Watch what happened when food critics were unknowingly served McDonald's
- 4 Jimmy Carr's Oscar Pistorius joke goes a bit too far at the Q Awards
- 5 Ottawa shootings: Bruce MacKinnon's cartoon is the perfect tribute to soldier Nathan Cirillo
Renee Zellweger on plastic surgery rumours: 'I'm living a more fulfilling life and I'm thrilled that perhaps it shows'
FCKH8: YouTube reinstates provocative anti-sexism video showing young girls swearing
Axe wielding man shot dead after attacking four New York policemen on busy street
This 'woman calls police to order pizza' story isn't going where you're expecting
McKamey Manor: This 'extreme' haunted house is the stuff of nightmares
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Residents should throw a street party and mix with immigrant neighbours, councils told
Attacks on 'Ukip Calypso' show how skewed people’s priorities are
iJobs Money & Business
£60000 per annum: Ashdown Group: Compensation and Benefits Manager - Compensat...
£30000 - £35000 Per Annum plus excellent benefits: Clearwater People Solutions...
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...