Brussels, 04/11/2011 (Agence Europe) - On Friday 4 November, the European Commission granted clearance to the acquisition by CE Gas&Marketing and Verbundnetz Gas Aktiengesellschaft (VNG) of joint control over VNG Austria. VNG sold 25.1% of its shares in VNG Austria to CEMAG, leading to the creation of a jointly controlled full function joint venture which will be active in gas supply mainly in Austria.
CEMAG is active in trading natural gas and VNG is active in the import of natural gas,...