E.ON To Divest German Assets, Ending EU Probe

Law360, New York (November 26, 2008, 12:00 AM EST) -- The European Commission has reached a deal with utility company E.ON AG to mitigate the company's dominant position in the German electricity market, closing a nearly two-year investigation, with the company agreeing to divest 5,000 megawatts of generating capacity and its extra-high voltage network.

“This unprecedented set of remedies will fundamentally change the landscape of German electricity markets and bring the prospect of more competition and more customer choice,” said Competition Commissioner Neelie Kroes on Wednesday. “For the first time in European antitrust history, a company...
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