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49/10 14 May 2010
The OFT has today announced a stock-take of ownership and control across economic infrastructure in the UK.
The key aims of the work are to:
This work will include examining the different forms of ownership such as private equity ownership, statutory corporations, infrastructure investment funds and limited companies. Alongside this the OFT will be looking at who controls which assets.
The stock-take is intended to improve public understanding of competition issues in UK infrastructure markets. It may also lead to further work by the OFT if specific competition or consumer issues are identified in any of the sectors.
Heather Clayton, Senior Director of OFT's Infrastructure Group said:
'Effective infrastructure is crucial to the performance and productivity of the UK economy, and the quality of life of UK consumers. There have been significant changes in ownership of infrastructure assets in both regulated and unregulated sectors of the economy over the past decade. We want to take this opportunity to step back and assess how these developments might have affected competition and consumers.'
The stock-take is expected to be completed in autumn 2010. Interested parties can make submissions to OFT Infrastructure Ownership and Control Stock-take, Fleetbank House, 2-6 Salisbury Square, London EC4 8JX or email: InfrastructureOwnership@oft.gsi.gov.uk.
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