On 12 October 2007, the German Federal Cartel Office cleared a merger in the energy sector. The German companies Thyssengas GmbH (Thyssengas), E.ON Gastransport AG & Co. KG (EGT) and EWE AG (EWE) planned to acquire shares in trac-x Transport Capacity Exchange GmbH (Trac-x), the provider of a German internet platform for trading in secondary gas transport capacities, from VNG Verbundnetz Gas AG (VNG), thereby acquiring joint control over Trac-x together with VNG [1] . Background The transport of natural gas to customers can either be carried out “virtually” via so-called swap-transactions or physically via actual transportion of gas. In the latter case, suppliers of gas have to book transport capacities in the gas transmission and distribution system (Gasfernleitungs- und
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The German Federal Cartel Office clears a merger setting up a joint electronic platform for trade in secondary gas transport capacities, making further efforts to establish competitive structures in the energy sector (VNG / Trac-x / EWE / E.ON / Thyssengas / APX B)
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