Merger of ČEZ and regional distribution companies
The Chairman of the Office Josef Bednář in fact confirmed in the main points of the verdict the first-instance decision of the antimonopoly office of 10 December 2002. The party to the proceeding is obliged to divest its shares representing 34% of the basic assets of the company ČEPS. Furthermore, the company ČEZ is obliged to divest all its shares in the companies Pražská energetika, Jihočeská energetika and Jihomoravská energetika, which it is to acquire through this concentration. The third condition sets obligation to divest shares in one of the regional electricity distribution companies to be acquired by the company ČEZ on the basis of this concentration.
The Chairman of the Office in the appellate proceeding satisfied some of the objections raised by the company ČEZ. The deadlines for fulfilling the individual conditions set by the decision have been prolonged. The divestiture of shares to be made by ČEZ will not be subject to previous approval by the antimonopoly office. The second-instance decision, furthermore, does not set to whom the share in the basic assets of the company ČEPS is to be sold. The Chairman Bednář thus partially satisfied the objections raised by the company ČEZ. Nevertheless, the factual substance of the first-instance decision of the Office was not changed. The proceeding was demanding, the Office paid from the very beginning a great attention in particular to impacts on the final consumer and also to the impact on businesses and at the same time looked for a solution enabling creation of a strong entity able to compete also in the European market.
Press and Information Department
2024-04-23 / EP ENERGY TRADING Infringed Competition Act by Early Implementation of Merger With Gazela Energy The Office for the Protection of Competition (the Office) imposed a fine of CZK 18,840,000 on the undertaking EP ENERGY TRADING. for concluding a concentration between undertakings prior to the notification...
2024-04-18 / Sector Inquiry on Waste Management The Office for the Protection of Competition (the Office) has initiated a large-scale sector inquiry focused on waste management. Over the next two years, the Office shall obtain information from all...
2024-04-09 / Zásilkovna will share pick-up points thanks to the intervention of the Office, more options for consumers The Office for the Protection of Competition (“the Office”) accepted commitments from an undertaking Zásilkovna s.r.o. consisting of an amendment to the contractual terms and conditions concluded...
2024-04-05 / Fine of CZK 8 million for Another Pet Food Distributor Forbiding Lower Prices By the first-instance decision, the Office for the Protection of Competition (“the Office”) imposed a fine of CZK 8,656,000 on the undertaking Dibaq a.s. for entering into prohibited agreements on...
2024-04-03 / The Office Imposed a Fine of CZK 72 million on Distributor of Moulinex, Rowenta, Krups and Tefal Products The Office for the Protection of Competition (hereinafter referred to as “the Office”) imposed a fine of CZK 72 333 000 on the undertaking Groupe SEB ČR s.r.o. for prohibited agreements on resale...
2024-02-13 / The Office Imposed a Record Fine of CZK 125 million on ELECTROLUX for Anticompetitive Conduct The Office for the Protection of Competition (hereinafter referred to as “the Office”) punished the undertaking ELECTROLUX, by imposing a fine of CZK 125 404 000 for long-term anticompetitive conduct...
2024-01-19 / The Office Will Share Its Experience Using the DATACROS Tool The results of the Datacros II project, which focuses on investigating corruption, organised and financial crime using innovative techniques, will be presented on Tuesday 30 January 2024 through a public...
2024-01-16 / The Office presented a number of possibble legislative proposals to support Efficient competition The Office for the Protection of Competition drafted a proposal of possible legislative changes. The purpose of such amendments is to increase the effectiveness of the Office, in particular the detection...
