BRUSSELS, May 22 (Reuters) - EU antitrust regulators are
seeking feedback on whether the European Energy Exchange (EEX)
might expand its market power by bundling products when it buys
Nasdaq's European power trading and clearing business, a person
with direct knowledge of the matter said on Wednesday.
The European Commission, which is examining the deal, sent a
questionnaire to the companies' rivals and customers this month,
asking for replies early this week, the person said. EEX is
Europe's leading electricity and natural gas exchange, serving
800 participants.
"One dedicated section in the questionnaire is about
conglomerate effects," the person said, referring to the impact
on competition from the merger of two companies in closely
related but not competing markets.
"The Commission would like to understand whether the merged
entity could use its strong position in one market to increase
its market position in markets of similar products," the person
said.
The questionnaire asked if the merged entity might do this
by offering products only as part of bundles for a fixed fee or
making the sale of one product conditional on the sale of
another related one, the person said.
The Commission, which last year said the merged company
could have an incentive to raise trading fees or worsen
conditions for market participants, declined to comment.
The questionnaire also asked about the impact of the deal on
prices and the barriers for rivals to enter the market, the
person said.
EEX and Nasdaq in their response to the Commission last year
said the deal posed no significant threat to competition in
Denmark, Finland, Sweden, Norway or any other EU country, that
it would not eliminate competition between the two companies,
and that market reaction had been positive.