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German Competition Authority: Bundeskartellamt prohibits acquisition of Saar Ferngas by RWE Energy

( March 15, 2007, 17:26 GMT | Official Statement) -- MLex Summary: The German Competition Authority has prohibited the purchase of a large majority stake in regional gas supplier Saar Ferngas by RWE Energy. The proposed acquisition would lead to a strengthening of dominant positions in both the electricity and gas markets. Commitments offered by the parties were not sufficient to overcome the existing competition concerns.The read the MLex coverage from December on the authority's concerns at the time, click http://www.mlex.com/list3.aspx?jobid=2519....

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