PREUSSAG ENERGIE
April 1st, 2003
BY KEITH NUTHALLTHE EUROPEAN Commission has given the go-ahead for the acquisition by Gaz de France (GDF) of the German oil and gas activities of Preussag Energie. Brussels has been examining the potential effect on competition in Germany's upstream energy market and concluded that these were "only small." It also decided that the deal "does not significantly change GdF's position in the French downstream gas market." Preussag is a subsidiary of Germany's TUI Group and an international oil and gas exploration and production company with activities in nine ...
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