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ESS Essex Property Trust Inc

250.31
0.51 (0.20%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Essex Property Trust Inc NYSE:ESS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.51 0.20% 250.31 253.5256 249.37 251.63 399,202 23:00:00

RWE: Commitments Made To EU In Essent Deal Are On German Market

04/06/2009 11:30am

Dow Jones News


Essex Property (NYSE:ESS)
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German utility RWE AG (RWE.XE) Thursday said it has offered commitments to the European Commission regarding the planned acquisition of Dutch competitor Essent NV, saying the proposed remedies are related to competition issues on the German electricity market.

"We've made proposals regarding the German [energy] market," a spokeswoman for RWE said.

She added that RWE wasn't surprised that the European Union's top antitrust authority extended the probe of the planned Essent takeover by 10 days earlier Thursday.

"We've always considered the original deadline as rather optimistic and instead expected a decision toward the end of June," the spokeswoman said.

The commission earlier Thursday extended its antitrust probe into RWE's plan to acquire Essent for EUR9.3 billion, including EUR1.1 billion in debt, due to certain commitments offered by RWE.

Company Web site: www.rwe.com

-By Jan Hromadko, Dow Jones Newswires; +49 69 29 725 503; jan.hromadko@dowjones.com

 
 

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