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Article: EU approves Danish energy company's bid for German peer

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Xinhua News Agency
Article date:
September 16, 2009
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EU approves Danish energy company's bid for German peer

BRUSSELS, Sept. 16 (Xinhua) -- The European Commission on Wednesday approved Danish energy company DONG Naturgas's bid for German energy wholesaler Kom-Strom.

The commission, the European Union's competition guardian, said after examining the bid that the transaction would not significantly impede effective competition.

DONG is an integrated energy group majority-owned by the Danish government. The group is active in Denmark and other areas of northern Europe in the exploration and production of natural gas and oil, power ...

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