E.U. Commissioner ‘Not Pleased’ With Raid Findings

Law360, New York (June 16, 2006, 12:00 AM EDT) -- The dawn raids on energy companies in the European Union conducted last month revealed some questionable business practices, E.U. Competition Commissioner Neelie Kroes said on Friday.

The raids, or “unannounced inspections,” according to the European Commission, were made on energy companies including Austria’s OMV, Germany’s E.ON Ruhrgas AG and RWE AG, France’s Gaz de France, Italy’s Eni, Belgium’s Fluxys and Distrigas, and Hungary’s state-owned Magyar Villamos Muvek.

The E.U. suspects those companies of anti-competitive action, which Kroes and the European Commission are cracking down on....
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