Jurisdiction(s):
United Kingdom

Key definition

Style definition

What does Style mean? In legal practice, a style is a precedent or template for a document, used as a model when drafting similar documents (for example, contracts, deeds, pleadings, affidavits, company resolutions and wills). The term is descriptive rather than statutory; it is widely used in Scotland and understood across England and Wales, Northern Ireland and Ireland, where ‘precedent’ is more common. A style typically provides boilerplate wording, standard clauses and optional alternatives (often shown in square brackets), sometimes with drafting notes. Styles appear in firm house-style collections and published style books or formbooks. Practitioners must adapt any style to the client’s facts, transaction, forum...

CMA Phase 2: SSE Retail/Npower domestic energy retail merger—unconditional clearance; no substantial lessening of competition (Great Britain), final report 10 October 2018 (archived)

Published by a LexisNexis Competition expert

Practice notes

CASE HUB ARCHIVED –this archived case hub reflects the position at the date of the decision of 10 October 2018; it is no longer maintained. See further, timeline.

Case facts

Outline of a UK merger probe into the proposed combination of SSE Retail and Npower. The deal presents horizontal overlaps in the Supply of energy to domestic retail customers.

Latest developments

On 10 October 2018, the CMA published its final report, approving the merger without remedies following a detailed phase 2 review.

Parties

SSE Retail is the household energy and services arm in Great Britain of SSE plc (SSE).
Npower Group plc (Npower) supplies energy to British homes and businesses and is owned by innogy SE (innogy).

Market(s)

Provision of electricity and gas in Great Britain.

Background

Announced on 8 November 2017, SSE Retail and Npower intended to combine into a new entity, to be owned 65.6% by SSE’s shareholders and 34.4% by innogy. The merged business would operate as an independent energy company. The parties notified the CMA, with phase 1 commencing on 27 February 2018, and an invitation to comment issued the following day. On 26 April 2018, the CMA decided that the acquisition...

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