The EU Commission conditionally approves an acquisition in the electricity and gas sectors (Gaz de France / Suez Group)

"Mergers — Main developments between 1 September and 31 December 2006"* On 14 November the Commission gave its conditional approval to the merger of Gaz de France (GDF) and the Suez group. After an in-depth investigation, the Commission initially found that the deal would have anticompetitive effects in the gas and electricity wholesale and retail markets in Belgium and in the gas markets in France. The Commission’s concerns related mainly to the removal of the increasing competitive pressure that GDF and Suez had so far exerted (and would have exerted in the foreseeable future) on each other in both Belgium and France. Given the conditions on the markets, including the very high barriers to entry, their respective dominant positions would have been considerably

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Authors

  • J G Associates (Brussels)
  • DG COMP (Brussels)

Quotation

John Gatti, Mary Loughran, The EU Commission conditionally approves an acquisition in the electricity and gas sectors (Gaz de France / Suez Group), 14 November 2006, e-Competitions Bulletin Energy & Mergers, Art. N° 38256

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