The EU Commission conditionally approves a linkup between an Austrian power company and five regional power suppliers (Österreichische Elektrizitätswirtschafts / EnergieAllianz)

"Merger control: main developments between 1st May and 31st August 2003"* On 11 June the Commission also approved a linkup between the Austrian power company Österreichische Elektrizitätswirtschafts-AG (Verbund) and five Austrian regional power suppliers grouped together as EnergieAllianz, subject to conditions and obligations. The initial plan (known as the ‘Austrian power solution’ or ÖSL in German) would have created or strengthened dominant positions held by Verbund and EnergieAllianz, especially on the market for the supply of electricity to large customers. But the parties entered into significant commitments that fully resolve the Commission’s concerns. One of these commitments: the sale of Verbund‘s controlling stake in APC, its distributor for large customers, must be completed

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

Quotation

Ulrich von Koppenfels, John Gatti, Mary Loughran, The EU Commission conditionally approves a linkup between an Austrian power company and five regional power suppliers (Österreichische Elektrizitätswirtschafts / EnergieAllianz) , 11 June 2003, e-Competitions Bulletin Energy & Mergers, Art. N° 38409

Visites 458

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues