E.ON is expected to win EU antitrust approval to buy rival Innogy’s network and retail assets, sources said on Friday, July 12.
The green light from the European Commission is set to come after E.ON sweetened its concessions to address competition concerns, the sources, who are familiar with the matter, said.
The deal, which will mark the biggest overhaul of the German power industry since the country sped up its exit from nuclear energy, is part of a bigger asset swap with Innogy’s parent RWE and will more than double E.ON’s customers in Germany to nearly 14 million.
E.ON last month offered to sell part of its retail business in Hungary as well as Innogy’s retail power and gas business in the Czech Republic with 1.6 million customers, after the European Commission voiced concerns that the deal may reduce competition.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Conducts First-Ever Raids on a Company Under Foreign Subsidies Regulation
Apr 23, 2024 by
CPI
FTC Moves to Ban Non-Compete Agreements, Aiming to Boost Labor Mobility
Apr 23, 2024 by
CPI
Federal Judge Nods at $418M Deal in Real Estate Antitrust Suit
Apr 23, 2024 by
CPI
Mexican Watchdog Probes Amazon and Mercado Libre Over Loyalty Bundles
Apr 23, 2024 by
CPI
Competition Commission of India to Probe AI Landscape for Competition
Apr 23, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI