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EU clears EDF's buy of Segebel subject to conditions

Thu Nov 12, 2009 2:21pm EST

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BRUSSELS, Nov 12 (Reuters) - French utility EDF (EDF.PA) won permission from European Union regulators on Thursday to acquire Belgium's Segebel, subject to EDF's divestment of some assets in a planned power station project.

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The European Commission, the competition watchdog of the 27-nation EU, said in a statement that in view of the proposed remedies, it had concluded the deal would not impede effective competition in the European economic area. (Reporting by Bate Felix; Editing by Justyna Pawlak)

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