Commission approves acquisition of Slovenske Elektrarne by Enel

Resumen de Prensa            Enervía, jueves, 28 abril 2005

FUENTE: CE


The European Commission has cleared, under the EU Merger Regulation, the proposed acquisition by the Italian energy company Enel of the Slovak main producer and supplier of electricity Slovenske Elektrarne (SE). The Commission concluded that there were no overlaps between the merging parties’ activities and as such the acquisition would not significantly impede effective competition in the EEA or any substantial part of it.

Enel is an Italian energy company active in the generation, transmission, distribution and supply of electricity and gas distribution in Italy. It also produces power in Bulgaria and is active as an electricity distributor in Romania.

SE is a Slovak company active in the production and supply of electricity in Slovakia.

The Commission considered that there were no overlaps in the merging parties’ activities, in particular in product markets such as the wholesale of electricity, ancillary services and district heating markets, irrespective of the precise geographic definition of these markets as Enel is active neither in Slovakia nor in any other Central European country.

The Commission therefore concluded that the proposed transaction did not raise any competition concern.