EON-Innogy energy deal could spark regulatory power struggle

Large-scale mergers in Europe are typically contingent on approval from the EU Competitions Commissioner, Margrethe Vestager, but Germany's Federal Cartel Office might fight for the right to rule on the matter.

Photo: Innogy

EON SE's 22 billion-euro (USD 27.1 billion) bid for Innogy SE could also spark political sparring between two of Europe best known antitrust officials who may both want to review the deal that's set to transform Germany's energy industry.

While mergers of this size typically go to the European Union's antitrust division, headed by Margrethe Vestager, national agencies can seek jurisdiction when they mainly affect a single country. That may mean that Andreas Mundt, president of Germany's Federal Cartel Office, who has previously asked to oversee big telecoms deals, might make another try here.

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