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EC Clears Acquisition Of Romanian Pwr Supplier By Italy’s Enel

The European Commission approved the acquisition of Romania’s electric power supplier Electrica Muntenia Sud by Italy’s Enel, concluding that it would not impede competition, EU said Friday in a press release.
EC Clears Acquisition Of Romanian Pwr Supplier By Italy’s Enel
21 dec. 2007, 12:05, English

The Commission was notified mid-November about Enel’s plans to buy Electrica Muntenia Sud, in accordance with the European Union’s competition laws. The EC said the deadline for its investigation into Enel’s EUR820 million deal was set for Dec. 21.

In 2006, Enel agreed to buy a majority stake in Electrica Muntenia Sud for EUR820 million, after having bought stakes in Electrica Banat and Electrica Dobrogea in 2005.