E.ON Part Of Electricity 'Oligopoly': German Court

Law360, New York (November 11, 2008, 12:00 AM EST) -- A German court has ruled that utility company E.ON AG can't acquire municipal electric company Stadtwerke Eschwege because of competition concerns, upholding a decision by Germany's cartel office.

The competition arm of the German Federal Court of Justice, the nation's highest civil court, found Tuesday that E.ON enjoys an oligopoly in the German utility market along with RWE AG, and that allowing it to acquire Stadtwerke Eschwege would only limit competition further.

The two companies already taken stakes in 204 electric distribution companies with the intention...
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