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.
The Commission – which is the administrative arm of the European Union (EU) – said in a statement that the transaction would not impede effective competition in the European common market. Electrabel is part of GDF Suez.
E.on is divesting power generation assets and electricity drawing rights to resolve competition problems in Germany.