EU antitrust regulators are asking E.ON’s rivals whether the German utility’s takeover of Innogy’s businesses in an asset deal swap with RWE will harm competition or jack up prices in the German retail market.
The European Commission, which is examining the deal, recently sent out lengthy questionnaires with more than 200 questions to competitors and customers of E.ON and Innogy. The deal has triggered criticism from numerous municipalities and small energy providers.
The deal would see E.ON acquire Innogy’s prized regulated energy networks and customer operations, while RWE would take on the renewables businesses of both E.ON and Innogy to become Europe’s No.3 renewables player.
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