EU clears E.On to sell off Ruhrgas to CVC
6th Sep 2005, 14:20 GMT
BRUSSELS, Belgium (AP) - German utility company E.On AG won EU approval Tuesday to sell off its Ruhrgas Industries GmbH unit to Luxembourg-based private equity firm CVC Capital Partners Sarl. The European Union merger regulator said it had looked at possible overlaps between Ruhrgas, which makes gas, electricity and water meters for utility companies, and a CVC unit which collects and processes meter data.