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UPDATE 2-Siemens, Areva offer pledges in EU nuclear anti-trust case
March 14, 2012 / 9:33 AM / 6 years ago

UPDATE 2-Siemens, Areva offer pledges in EU nuclear anti-trust case

* Case covers non-compete agreement in nuclear joint venture (Adds further detail)

BRUSSELS, March 14 (Reuters) - Germany’s Siemens and France’s Areva have offered commitments to the European Commission in an anti-trust case over their former nuclear power joint venture, the EU’s competition regulator said.

The case concerns a non-compete clause signed by the two firms as part of joint venture Areva NP - formed in 2001 - which still applied after Siemens quit the venture in 2009.

“The parties commit to allow Siemens to compete against Areva NP, without any restriction, as from the date at which Siemens lost joint control over Areva NP,” the European Commission said in a statement in the bloc’s official journal.

The non-compete clause would still cover Areva NP core products and services including nuclear fuel assemblies and for a period of three years after Siemens left the joint venture, it added.

The Commission has asked for feedback from other market participants on whether the proposed commitments are enough to allay any competition concerns.

“If the market test confirms that the proposed commitments remedy the competition concerns, the Commission may adopt a decision... making the commitments legally binding on Siemens and Areva,” the Commission said. (Reporting by Charlie Dunmore and Barbara Lewis; editing by Rex Merrifield)

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