Staring down the barrel of the regulatory gun

Article Abstract:

European utility companies have faced significant regulatory restrictions on their merger and acquisition plans so far in 2000. The US Federal Trade Commission opposed BP Amoco's $26.8 billion purchase of Atlantic Richfield Co, while in Germany the Bundeskartellamt is to closely scrutinize the merger of RWE with VEW and the merger of Veba with Viag. The French parliament has undertaken a second reading of legislation that will give the country's largest companies the right to select their electricity supplier.

Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Electric Utilities Regulation, Laws, regulations and rules, Electric utilities, Utility regulations

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Neuer Markt to nab M&A business

Article Abstract:

The expansion of the German Neuer Markt is discussed. Its capitalisation rose from 64.3 billion euros in November 1999 to over 200 billion euros in June 2000. The growth provides further opportunities for venture capitalists.

Analysis, Germany, Stock-exchange, Stock exchanges, Venture capital companies, Neuer Markt

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RWE turns on the power

Article Abstract:

Issues are presented concerning the expected acquisition of American Water Works by the German utility company RWE for $7.6-billion including $3-billion of debt. The delay in the completion of the deal is discussed.

Mergers, acquisitions and divestments, Acquisitions and mergers, Public utilities, American Water Works Company Inc., AWK, RWE AG

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