The German Competition Authority prohibits acquisition of a majority stake in an energy company by a direct competitor as it would strengthen dominant positions in the gas and electricity sales markets (E.ON / Gelsenberg)

Bundeskartellamt prohibits E.ON/Gelsenberg (Ruhrgas) merger* The Bundeskartellamt has prohibited the acquisition by E.ON AG, Düsseldorf, (E.ON) of a majority stake in Gelsenberg AG, Essen. The merger would have strengthened dominant positions both in the gas and electricity sales markets. The President of the Bundeskartellamt, Ulf Böge, stated: “The combination of E.ON and Ruhrgas in a time of emerging liberalisation in the gas markets would cement Ruhrgas’ dominant

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German Competition Authority, The German Competition Authority prohibits acquisition of a majority stake in an energy company by a direct competitor as it would strengthen dominant positions in the gas and electricity sales markets (E.ON / Gelsenberg), 17 January 2002, e-Competitions Bulletin Energy & Mergers, Art. N° 66644

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