The Czech Competition Authority clears a merger of four entities in the gas sector, subject to a behavioural remedy (Prague Municipality / RWE / Ruhrgas / PP)

The operation The proposal submitted by the parties contained description of the operation. However, many substantial aspects of the transactions remain undisclosed being a business secret. According to the available information, Prague Municipality ("PM"), RWE Energie Aktiengesellschaft ("RWE") and Ruhrgas Energie Beteiligungs-Aktiengesellschaft ("Ruhrgas") acquired joint control over Pražská plynárenská, a.s. ("PP") by establishing a new company Pražská plynárenská holding ("PPH") and transferring its shares and voting rights in PP on it. Under the operation PPH gained a controlling stake in PRE. PM, RWE and GESO would also jointly control PP through their joint control over PPH. Although PM itself is

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Author

  • Clifford Chance (Prague)

Quotation

Petr Zákoucký, The Czech Competition Authority clears a merger of four entities in the gas sector, subject to a behavioural remedy (Prague Municipality / RWE / Ruhrgas / PP), 4 July 2000, e-Competitions July 2000, Art. N° 20916

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