Financial Times FT.com

European energy

Gazprom prompted rethink on UK merger rules

By Jean Eaglesham in London

Published: April 16 2006 21:57 | Last updated: April 16 2006 21:57

The UK considered changing its merger control regime this year to block a potential takeover of Centrica, the UK’s biggest gas supplier, by Gazprom of Russia, a move that remains an option to thwart any bid that threatens energy security.

Alan Johnson, the trade and industry secretary who has been a vocal critic of protectionism in the US and Europe, was briefed with other ministers in February on the legal changes required to allow them to block a rumoured bid by Gazprom for Centrica, the Financial Times has learnt.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this