Brussels, 24/08/2011 (Agence Europe) - The European Commission, on Tuesday 23 August, cleared the proposed acquisition of joint control over German electricity transmission system operator Amprion by real estate group Molaris and asset management group Commerz Real, all from Germany. Amprion is currently solely controlled by German RWE which is active in the electricity and natural gas markets.
The Commission examined the impact of the transaction on high voltage electricity transmission grid operation, electricity balancing power, electricity generation, electricity wholesale supply and electricity retail supply. It concluded that the transaction would not raise significant competition concerns, as there will be only negligible changes on any of the markets affected vertically and horizontally. (O.L./transl.rt)