The acquisition by German energy company RWE of E.ON’s renewable and nuclear electricity generation assets will raise no competition concerns in the European Economic Area, the European Commission said on February 27.

RWE and E.ON are both energy companies based in Germany and are active across the whole electricity supply chain, from generation and wholesale to distribution and retail of electricity. The two companies are engaged in a complex asset swap.

Following this asset swap, RWE will be primarily active in upstream electricity generation and wholesale markets, whereas E.ON will focus on the distribution and retail of electricity and gas, the Commission noted.

 

Full article available: https://www.neweurope.eu/article/rwes-acquisition-of-e-on-electricity-generation-assets-gets-eu-nod/

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