Eni Wins EU Approval To Acquire Distrigaz

Law360, New York (October 16, 2008, 12:00 AM EDT) -- The European Commission has cleared Italian energy company Eni SpA to acquire Belgian gas company Distrigaz SA, finding that the merger will not significantly impede competition in Europe.

The largest overlap between the two companies' activities is in the natural gas market in France, but French gas company Gaz de France SA will still provide strong competition there, the commission said Wednesday. In other markets, their overlap is minor, the commission said.

The commission also said that the deal did not raise vertical competition concerns, because...
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