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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

CMA clears Pennon's Sutton & East Surrey Water and South West merger

(Sharecast News) - Water utility company Pennon has received the green light from the UK's competition watchdog for the proposed merger of Sutton & East Surrey Water and South West. Pennon said on Friday that the Competition and Markets Authority has cleared the merger of SES with South West Water following the group's acquisition of the business back in January.

Pennon also said it was "pleased" that the proposed undertakings in relation to the separate reporting of SES Water's costs and performance had now been accepted.

As of 1340 BST, Pennon shares were up 0.58% at 602.50p.

Reporting by Iain Gilbert at Sharecast.com

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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