SWEDEN TAKEOVER
November 1st, 2003
BY KEITH NUTHALLTHE EUROPEAN Commission has cleared the acquisition of Swedish electricity company Graninge by its rival Sydkraft, both of whom supply power in Sweden and Finland. Brussels' competition approval follows an inquiry into the deal's possible effect in Sweden, where the three largest players, including Sydkraft, account for about 80 per cent of the electricity markets. However, the Commission concluded that the "merger would have no or very limited effect" on competition as Graninge's Swedish market share is just two per cent. The merged company would ...
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