Many European industries are under pressure to consolidate. Even major corporations face downward pre...
Many European industries are under pressure to consolidate. Even major corporations face downward pressure on prices and margins. A typical response is to make a merger or acquisition to boost economies of scale and/or efficiencies in distribution. The deregulation of Germany's power industry, for example, is producing major shifts. Wholesale electricity prices have fallen by around half since they were liberalised a year ago. Some industrial users have obtained price discounts of up to 60%. France's power industry, Electricité de France, has won the necessary approvals to buy a 25% stake i...
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