BRUSSELS (Reuters) - German utility RWE has won EU antitrust approval to buy the renewables businesses and nuclear electricity generation assets of E.ON, the European Commission said on Tuesday.
“The Commission concluded that the transaction would raise no competition concerns in the European Economic Area,” the EU executive said in a statement.
On completion, RWE, Germany’s biggest electricity producer, will become Europe’s third-largest renewable energy provider behind Spain’s Iberdrola and Italy’s Enel.
Reuters exclusively reported the approval on Feb. 21.
Reporting by Robin Emmott, editing by Foo Yun Chee