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EU competition chief Vestager to announce antitrust decision on Thursday

Published 05/24/2018, 03:02 AM
Updated 05/24/2018, 03:10 AM
© Reuters. FILE PHOTO: EU Competition Commissioner Vestager holds a news conference in Brussels
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BRUSSELS (Reuters) - European Commissioner for Competition Margrethe Vestager will hold a news conference on Thursday to announce an antitrust decision, which is expected to be on Gazprom (MM:GAZP).

The European Commission said in a statement that Vestager would hold a news conference, indicating it was likely to be at around 1200 CET (1000 GMT), on an antitrust decision, without specifying the subject.

The Commission is expected to end a seven-year-long investigation into Gazprom after the Russian gas company agreed to reforms aimed at bringing down gas prices in eastern Europe and paving the way for rivals in the region.

© Reuters. FILE PHOTO: EU Competition Commissioner Vestager holds a news conference in Brussels

Reuters was the first to report on April 3 about the deal between the EU competition enforcer and Gazprom, which supplies about a third of the EU's gas and contributes 9 percent of Russian gross domestic product.

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