BRUSSELS (dpa-AFX) - The European Commission said Wednesday it has approved the acquisition of VSE of Slovakia, by RWE, of Germany under the EU Merger Regulation.
RWE is involved in the generation of electricity in Germany and has a broad energy mix, from hydro via coal and gas to nuclear. It is active throughout the energy value chain. VSE is active in the retail supply and distribution of electricity in Slovakia.
The Commission concluded that the proposed acquisition would not raise competition concerns because of the limited overlaps and the presence of other strong players on all markets.
The transaction was examined under the simplified merger review procedure.
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