Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
EU approves Danish energy company's bid for German peer
+ -
08:31, September 17, 2009

 Related News
 London stock market closes higher
 British jobless rate hits highest level in about 13 years
 Barroso wins support of European Parliament for second term
 Peugeot, Fiat meet EU green target
 Sales hike lifts industry spirits
 Comment  Tell A Friend
 Print Format  Save Article
The European Commission on Wednesday approved Danish energy company DONG Naturgas's bid for German energy wholesaler Kom-Strom.

The commission, the European Union's competition guardian, said after examining the bid that the transaction would not significantly impede effective competition.

DONG is an integrated energy group majority-owned by the Danish government. The group is active in Denmark and other areas of northern Europe in the exploration and production of natural gas and oil, power generation and the marketing of energy.

Kom-Strom supplies both gas and electricity in Germany. It also offers a wide range of consulting and other services in energy procurement and emission certificates.

Although both companies are involved in the supply of electricity and natural gas in Germany, the commission's investigation found that the proposed merger would not close off the market to competition.

That's because a sufficient number of competitors would remain able to provide electricity at the wholesale supply level and there would be a sufficient customer base at the retail supply level.

Source:Xinhua



  Your Message:   Most Commented:
World's top ten most mysterious and horrible spots
Why India is pursuing military strength?
Baby alien found by Mexican farmer
Which country has the most beautiful women?
How do India's middle school textbooks portray China?

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/90858/90865/6759845.pdf