The Italian Competition Authority applies the bidding markets analysis to block a merger in the market for the gas distribution services (Italgas / Acegas-APS / Isontina Reti Gas)

By a decision made on 17 April 2013 the Italian Competition Authority (ICA) has prohibited the Italgas and Acegas-APS acquisition of the joint control of Isontina Reti Gas (IRG). The ICA believed that the notified transaction would strengthen the dominant position of Italgas and Acegas-APS in a number of markets for the award of gas distribution contracts and accordingly blocked the merger. The ICA decision IRG is a utility trading in North-Eastern Italy. Through the notified merger, two major energy and utility groups, Italgas and Acegas-APS intended to acquire the control of IRG from Eni and Acegas-APS in two steps. First, by purchasing the Eni stake in the target and second by transferring to IRG their business branches for the provision of the gas distribution services in the

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  • Desogus Law Office (Cagliari)

Quotation

Michele Giannino, The Italian Competition Authority applies the bidding markets analysis to block a merger in the market for the gas distribution services (Italgas / Acegas-APS / Isontina Reti Gas), 17 April 2013, e-Competitions Bulletin Energy & Mergers, Art. N° 51783

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