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That’s the verdict from international advisory firm BDO Global which has made a number of industry predictions
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The Big Six supplier blamed challenging market conditions for the move
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The supplier plans to create a new company that will include its renewable energy assets in UK and Ireland
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The firms say the changes are due to adverse market developments and regulatory interventions
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The UK’s competition watchdog provisionally cleared the deal last month
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The UK’s competition watchdog has provisionally cleared a deal that would see the two Big Six companies join together
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The merger is not expected to have a significant impact on standard variable tariff pricing
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The competition watchdog is concerned the sites bought from Metal Waste Recycling might lead to a ‘worse deal’ for suppliers and customers
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Gordon Boyd will play a key role in the work being done to plan and prepare for the formation and listing of the new firm
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It judged the merging of the electrical product suppliers would raise no competition concerns in the relevant markets
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The competition watchdog’s investigation found it could also lead a “worse deal” for suppliers and customers
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Italian firm Prysmian is to buy US-based General Cable
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