European Union antitrust regulators have accepted an offer from CEZ AS (CEZ), the Czech Republic’s largest power producer, to sell power assets to resolve a competition probe into whether it hindered rivals.
“The divestiture of significant generation capacity will allow a new player to enter the Czech electricity market and to compete with the incumbent CEZ,” EU Competition Commissioner Joaquin Almunia said in an e-mailed statement. “This will benefit all electricity customers,” he said.
To contact the reporter on this story: Jim Brunsden in Brussels at firstname.lastname@example.org
To contact the editor responsible for this story: Anthony Aarons at email@example.com