The Commission has cleared under the EC Merger Regulation the proposed acquisition of Essent by RWE. RWE is active on both electricity and natural gas markets in most Member States and in particular in Germany, the UK, the Czech Republic and Hungary. Essent is active in the electricity and natural gas markets, mainly in The Netherlands and to a lesser extent in Germany and Belgium. The activities of RWE and Essent overlap in both the electricity and gas markets in the Netherlands and Germany.
The Commission's decision is conditional upon RWE's commitment to divest Essent's controlling shareholding in Stadtwerke Bremen AG. RWE agreed to this divestment to remedy competition concerns the Commission had in relation to the German wholesale electricity and gas markets.