Polish Antitrust Regulator Blocks $2.6B PGE-Energa Deal

Law360, New York (January 14, 2011, 1:53 PM EST) -- Poland's competition regulator on Friday blocked state-owned energy company PGE Polska Grupa Energetyczna SA's $2.6 billion plan to buy a stake in rival Energa SA, a setback for the country’s treasury ministry, which is eager to see the two joined.

Poland's Office of Competition and Consumer Protection said the transaction would cause a “significant lessening” of competition in the energy market that would threaten consumer choice.

Though both PGE and Energa are state-owned, Poland's treasury ministry had pushed for their merger as part of a plan...
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