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German cartel office rejects RWE takeover of Saar Ferngas UPDATE.

Europe Intelligence Wire

| March 15, 2007 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From AFX UK (Focus))

(updating to add comments from RWE and from industry sources)

BONN (AFX) - RWE AG's acquisition of a 76.9 pct stake in RAG's Saar Ferngas has been rejected, Germany's cartel office said.

The office said that the takeover would support market-dominating positions in the electricity and gas market.

RWE said it could not comprehend the rejection. "We will examine the cartel office's explanation for its decision very closely," a …

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