Czech anti-monopoly watchdog looking into CEZ, Veolia, EPH
PRAGUE, Nov 12 (Reuters) -The Czech anti-monopoly office UOHS has been looking into potential anti-competitive collusion of electricity producers CEZ CEZP.PR, EPH and Veolia Energie VIE.PA in a government auction for state aid for building power plants, UOHS said on Tuesday.
News website www.seznamzpravy.cz reported UOHS was looking into whether the three companies coordinated bids in the auction meant to pick companies to build gas or biomass power and heat plants as part of a decarbonisation drive.
"I can confirm that UOHS is dealing with this matter," a UOHS spokesman said when asked to comment on the report, confirming the three companies were involved.
He said official proceedings, a process leading to potential fines, have not been launched.
UOHS said last month it had inspected premises of energy firms with suspicion they entered into anti-competitive agreements, but did not at the time give details or name the firms.
CEZ has confirmed the UOHS raid but declined further comment on Tuesday. EPH declined to comment.
Veolia Energie did not immediately respond to a request for comment.
The news website www.seznamzpravy.cz quoted a Veolia spokesman as saying an inspection took place at the firm's premises, and the company believed it did not violate competition rules.
Reporting by Jan Lopatka; editing by David Evans
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.