EU Clears KGHM, Tauron Polish Power Joint Venture-Shanghai Metals Market

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EU Clears KGHM, Tauron Polish Power Joint Venture

Industry News 10:25:17AM Jul 24, 2012 Source:SMM

BRUSSELS, July 23 (Reuters) - Europe's No. 2 copper producer KGHM and Polish utility Tauron secured EU approval on Monday to set up a gas power joint venture.

KGHM and Tauron are both Polish state-controlled entities.

The European Commission said it did not see any major competition concerns related to the deal.

"The market share of the newly created entity would be limited and it would face a number of credible competitors on the Polish electricity markets," the EU executive said in a statement.   

 
   

 

Key Words:  KGHM   Tauron 

EU Clears KGHM, Tauron Polish Power Joint Venture

Industry News 10:25:17AM Jul 24, 2012 Source:SMM

BRUSSELS, July 23 (Reuters) - Europe's No. 2 copper producer KGHM and Polish utility Tauron secured EU approval on Monday to set up a gas power joint venture.

KGHM and Tauron are both Polish state-controlled entities.

The European Commission said it did not see any major competition concerns related to the deal.

"The market share of the newly created entity would be limited and it would face a number of credible competitors on the Polish electricity markets," the EU executive said in a statement.   

 
   

 

Key Words:  KGHM   Tauron