The Czech Competition Authority clears a merger in the electricity sector in phase II, subject to the parties refraining from efforts to gain sole control over energy distributors (Prague municipality / RWE / GESO / PR)

The operation The proposal submitted by the parties contained description of the operation. However, many substantial aspects of the transactions remain undisclosed as a commercial secret. According to the available information, Prague Municipality ("PM"), RWE Energie Aktiengesellschaft ("RWE") and GESO Beteiligungs- und Beratungs- Aktiengesellschaft ("GESO") acquired a joint control of Pražská energetika, a.s. ("PRE") by establishing a new company Pražská energetika holding ("PREH") and transferring their shares and voting rights in PRE on it. Under the operation PREH gained 50,76 % of shares in PRE. Through their joint

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  • Clifford Chance (Prague)

Quotation

Petr Zákoucký, The Czech Competition Authority clears a merger in the electricity sector in phase II, subject to the parties refraining from efforts to gain sole control over energy distributors (Prague municipality / RWE / GESO / PR), 4 July 2000, e-Competitions Bulletin Energy & Mergers, Art. N° 20917

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