EU says received commitments in EDF's Belgian buy
BRUSSELS |
BRUSSELS Oct 23 (Reuters) - EU antitrust regulators have received commitments related to French power group Electricite de France's (EDF.PA) planned takeover of Belgian electricity supplier SPE SA, the European Commission said on Friday. EDF wants to buy Belgium's Segebel SA, which owns a 51 percent stake in SPE, to strengthen its position in the Benelux market. SPE is the second-largest player in the Belgian energy market with a turnover of 2.4 billion euros ($3.60 billion).
A Commission official declined to say which company has offered the concessions or other details but typically the acquiring company proposes remedies to appease competition concerns.
The Commission, the European Union watchdog, extended last week the deadline for its review of the deal to Nov. 12 from Oct. 28.
British utility Centrica (CNA.L), owner of Britain's largest supplier of domestic gas and electricity British Gas, is selling the SPE stake.
(Reporting by Foo Yun Chee; Editing by David Cowell)
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