„The transaction would not significantly impede effective competition,” the European Commission said in a statement after examining the operation. The EU’s antitrust watchdog said although the two companies’ activities overlap on the electricity retail supply market, its investigation showed that the proposed concentration would not give rise to competition concerns as in the market for the retail supply of electricity since there are several other strong competitors present. Enel is the former Italian electricity incumbent. While Enel has some activities in the gas sector, it is mainly active in the generation, distribution and supply of electricity. EMS is active in the distribution and retail supply of electricity in the south of Romania.
Enel announce in June that it would pay €820 million for a 67.5% stake in EMS, which owns and operates the electricity distribution grid of Bucharest and has a customer base of around 1.1 million with a network spanning over 45,000 km. (people.com.cn)
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
