The Latvian Competition Council clears a merger confirming a dominant position in the power supply market (Fortum Holding / Vattenfall Latvia)

I. Introduction On 31 January 2007, Latvian Competition Council adopted a decision allowing a merger resulting from a sale of 100% SIA “Vattenfall Latvia” (Vattenfall Latvia) shares to Fortum Holding B. V. (Fortum) by Vattenfall AB. The Council concluded that as a result of the merger a company in a dominant position in the relevant market will be replaced by another company and the merger will not affect the state of competition in the relevant market. II. Background Fortum is a Dutch company involved in investments and operation of holding companies. Although it is not directly involved in economic activities in the territory of Latvia, it has a Latvian subsidiary “Fortum Power and Heat Oy” (Fortum Latvia) acting in the territory of Latvia. In 2007 Fortum Latvia was a limited

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  • Klavins Ellex (Latvia)

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Liga Merwin, The Latvian Competition Council clears a merger confirming a dominant position in the power supply market (Fortum Holding / Vattenfall Latvia), 31 January 2007, e-Competitions Bulletin Energy & Mergers, Art. N° 21003

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