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EU approves Danish energy company's bid for German peer
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08:31, September 17, 2009

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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.


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