BRUSSELS CLEARS ENEL ROMANIA DEAL
January 1st, 2008
BY ALAN OSBORN
The proposed acquisition of EMS, a Romanian utility engaged in the distribution and retail supply of electricity in the south of the country, by the Italian electricity giant Enel, has been cleared by the European Commission. Brussels said the two companies' activities overlapped in the retail supply of electricity but there were no grounds for concern as "there are several other strong competitors present."
ENDS
The proposed acquisition of EMS, a Romanian utility engaged in the distribution and retail supply of electricity in the south of the country, by the Italian electricity giant Enel, has been cleared by the European Commission. Brussels said the two companies' activities overlapped in the retail supply of electricity but there were no grounds for concern as "there are several other strong competitors present."
ENDS
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