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E.ON wins two power plant bids

E.ON, the German utility firm, yesterday won permission from the European Commission to acquire two power plants and certain drawing rights from Belgium's Electrabel. <br /><br />The Commission &ndash; which is the administrative arm of the European Union (EU)&nbsp; &ndash; said in a statement that the transaction would not impede effective competition in the European common market. Electrabel is part of GDF Suez. <br /><br />E.on is divesting power generation assets and electricity drawing rights to resolve competition problems in Germany.