“EU Commission approves Vattenfall’s lignite business sale”
EU Commission / Vattenfall
The European Commission has cleared the sale of Vattenfall’s German lignite plants and mines to Czech utility EPH. “The Commission found the deal would not adversely affect competition in the relevant markets,” it said in a press release. “Lignite will still face increasing competition from other sources of energy such as natural gas in the years ahead due to Germany's energy policy aiming to reduce CO2 emissions, which will significantly constrain the parties after the transaction.”
Find the Commission’s press release in English here and a Vattenfall release in English here.
Read more about this in the CLEW article Czech utility takes over Vattenfall’s German lignite.
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