Tag Archive for 'Kommunale Beteiligungsgesellschaft GmbH'

German Cartel Office Clears Evonik Steag Acquisition

The German Cartel Office has cleared the sale of a 51% stake in the Essen-based Evonik Steag GmbH to a holding company of seven municipal utilities located in North Rhine-Westphalia (Kommunale Beteiligungsgesellschaft GmbH). The Office also stopped antitrust proceedings against Evonik Industries AG and RWE AG relating to electricity contract clauses suspected to restrict competition.

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