The European Commission has approved under the EU Merger Regulation the acquisition of sole control over EconGas GmbH by OMV Aktiengesellschaft, both of Austria. OMV is an integrated oil and gas company active across the entire crude oil and natural gas value chain. EconGas is a natural gas supplier and is currently jointly controlled by OMV and a group consisting of WIEN ENERGIE GmbH and EVN AG. The companies' activities overlap in the Austrian markets for the wholesale and retail supply of gas, trading on the hub, gas transmission, distribution and storage. The Commission concluded that the proposed transaction would raise no competition concerns, as OMV already has joint control over EconGas. The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.7859.
