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The Polish Competition Authority imposes its biggest fine for gun jumping in the energy sector (Gazprom / Nord stream 2)

The President of the Polish Office of Competition and Consumer Protection ("UOKiK") has imposed the biggest fine for gun-jumping ever by a national competition authority. The UOKiK imposed a fine of over PLN 29 billion (approx. EUR 6.5 billion) on Gazprom, and a total of over PLN 294 million (approx. EUR 65.4 million) on Engie, Uniper, OMV, Shell, and Wintershall. The UOKiK also ordered the companies to terminate the agreements concluded for financing the Nord Stream 2 gas pipeline in order to restore the market conditions that existed before the alleged concentration. This decision is the result of the UOKiK’s long history of dealing with the companies involved in developing Nord Stream 2. Financing agreements as a notifiable transaction In December 2015, the UOKiK received a merger

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Piotr Dynowski, Marcin Alberski, The Polish Competition Authority imposes its biggest fine for gun jumping in the energy sector (Gazprom / Nord stream 2), 7 October 2020, e-Competitions Preview, Art. N° 97929

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