CASE COMMENT: MERGERS - HORIZONTAL MERGER - MERGER BETWEEN TWO ENERGY OPERATORS

Gas and electricity markets: The European Commission confirms the primarily national dimension of the markets for gas and electricity in order to favour transnational concentrations (E.ON/Endesa)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. – EC Comm, 25 April 2006, E.ON / Endesa, case COMP/M.4110 The European Commission cleared on 25 April 2006 the proposed acquisition of the Spanish electricity operator Endesa by the German energy operator E.ON, through a public bid to counter the hostile takeover bid launched by the Spanish gas operator Gas Natural. Firstly, as regards the delineation of the relevant markets, the Commission makes a very general distinction between the two main sectors of electricity and natural gas, leaving open the precise delineation of the relevant product markets. As regards the definition of the geographic scope of these two markets, the Commission has concluded that

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  • Freshfields Bruckhaus Deringer (Paris)

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Jérôme Philippe, Gas and electricity markets: The European Commission confirms the primarily national dimension of the markets for gas and electricity in order to favour transnational concentrations (E.ON/Endesa), 25 April 2006, Concurrences N° 3-2006, Art. N° 1656, pp. 117-119

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