UK competition regulator to look into Brookfield’s stake buy in Scotia Gas

(Reuters) – UK’s competition watchdog said on Tuesday it was looking into the potential purchase of a stake in Scotia Gas Networks by Canada’s Brookfield Asset Management Inc.

UK power producer SSE in August agreed to sell its entire 33.3% stake in Scotia Gas Networks for 1.23 billion pounds ($1.67 billion) to a Canadian consortium of Ontario Teachers’ Pension Plan Board and Brookfield Super-Core Infrastructure Partners.

($1 = 0.7358 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Shounak Dasgupta)