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EU welcomes RWE proposal to sell gas transport net

Sat May 31, 2008 5:56pm EDT

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BRUSSELS, May 31 (Reuters) - The European Commission said on Saturday it welcomed proposals by RWE (RWEG.DE) to sell off its gas transport network to settle an ongoing antitrust case.

"The European Commission welcomes structural remedies offered by the German energy company RWE," the Commission said.

The Commission said it would send the proposals to customers and competitors for their review. The Commission said it hoped to approve a binding settlement and then "would not pursue the antitrust investigation."

(Reporting by David Lawsky)



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