The merger of E.ON and Ruhrgas: A never-ending story?
Article from: OGEL 1 (2003), in Roundup of Articles
Summary
E.ON is, next to RWE, the largest German energy company. On 15 August 2001, E.ON applied to the Bundeskartellamt, the German Federal Cartel Office, for clearance of its intended acquisition of a 60 per cent majority of the gas company Ruhrgas. E.ON intended to purchase Ruhrgas shares held by the companies Gelsenberg and Bergemann. This acquisition is part of E.ON’s overall strategy to become a major European and even world player in the gas and electricity markets. The merger would make E.ON/Ruhrgas Europe’s biggest energy company by combining Ruhrgas’ strength in the gas sector with ...