The EU Commission approves a merger between two German companies in the electricity industry, subject to commitments (VEBA / VIAG)

"Merger Control: main developments between 1st May 2000 and 31st August 2000"* The merger between the German groups VEBA and VIAG, together with the merger between RWE and VEW, which was investigated at the same time by the Bundeskartellamt, will change the face of the German power industry, especially at the level of the interconnected grid. In its original form the merger of VEBA and VIAG would have resulted in a dominant duopoly between VEBA/VIAG on one side and RWE/VEW on the other on the market in the supply of electricity from the interconnected grid. After the merger PreussenElektra AG (VEBA) and Bayernwerk AG (VIAG) together with RWE/VEW would have

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Authors

  • European External Action Service (Brussels)
  • Financial Conduct Authority (London)
  • DG COMP (Brussels)

Quotation

Walter Tretton, Neil Marshall, Anna Papaioannou, The EU Commission approves a merger between two German companies in the electricity industry, subject to commitments (VEBA / VIAG), 13 June 2000, e-Competitions Bulletin Energy & Mergers, Art. N° 39140

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