RWE: EU approves acquisition of E.ON assets
(CercleFinance.com) - German utility giant RWE obtained permission from EU competition authorities on Tuesday to buy E.
ON's renewable and nuclear electricity generation assets in a deal that will reshape Germany's power landscape.
The European Commission's examination showed "that the transaction would raise no competition concerns," the EU executive said in a statement.
While RWE has a market share of slightly above 20%, the increment created by the transaction is very small (less than 1% overall), the statement said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
ON's renewable and nuclear electricity generation assets in a deal that will reshape Germany's power landscape.
The European Commission's examination showed "that the transaction would raise no competition concerns," the EU executive said in a statement.
While RWE has a market share of slightly above 20%, the increment created by the transaction is very small (less than 1% overall), the statement said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.