The German Competition Authority prohibits the acquisition of a majority stake in the energy sector, as it would give a party indirect control over its competitor and strengthen dominant positions in the gas and electricity markets (E.ON Düsseldorf / Bergemann Essen)

Bundeskartellamt prohibits E.ON’s acquisition of majority stake in Ruhrgas* The Bundeskartellamt has prohibited E.ON AG, Düsseldorf, (E.ON) from acquiring Bergemann GmbH, Essen (Bergemann) which would give it indirect control of Ruhrgas AG, Essen (Ruhrgas). The President of the Bundeskartellamt, Dr Böge, stated: “The merger would further strengthen dominant positions in the gas and electricity markets. Its negative effects on competition and for the consumers would be more serious both in qualitative and quantitative terms than in the case of the acquisition of Gelsenberg AG which has already been prohibited by the Bundeskartellamt. Ruhrgas’ share in the largest grid gas company in

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German Competition Authority, The German Competition Authority prohibits the acquisition of a majority stake in the energy sector, as it would give a party indirect control over its competitor and strengthen dominant positions in the gas and electricity markets (E.ON Düsseldorf / Bergemann Essen), 26 February 2002, e-Competitions Bulletin Energy & Mergers, Art. N° 66655

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