Landmark deal between German utilities could meet resistance from antitrust regulators
A deal by German power companies RWE and E.ON to reshape German energy markets could face resistance from regulators, Jürgen Flauger, Till Hoppe and Jeremy Gray report for business daily Handelsblatt (in English). EU antitrust authorities are surveying a cross section of market participants before they decide whether to approve the deal later this month, according to the article.
The asset swap, agreed in 2018, would leave E.ON as a major power supplier, focused on energy grids and retail customers, while RWE would focus on power production, including taking on E.ON’s renewable energy assets. Critics argue this would give each company too much market power in their respective sphere.