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Europe Daily Bulletin No. 7736

14 June 2000
Contents Publication in full By article 20 / 48
GENERAL NEWS / (eu) eu/competition
Commission authorises VEBA/VIAG merger on condition that should make VEAG a viable competitor on German electricity market

Brussels, 13/06/2000 (Agence Europe) - The European Commission authorised, subject to conditions, the merger between the German groups PreussenElektra (VEBA) and Bayernwerk (VIAG). The German Bundeskartellamt should soon approve, under the same conditions, the merger between RWE and VEW, competitors of VEBA/VIAG. The Commission and the German anti-trust feared the formation of a duopoly between the two merged groups, which would both have controlled 80% of the German market in electricity...

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