ROME, March 11 (Xinhua) -- Italy's competition regulator has approved the acquisition of 2i Rete Gas by Italgas, the country's largest natural gas distributor, while imposing conditions to ensure market competition, the authority said on Tuesday.
The deal strengthens Italgas's dominant position in the sector. However, the regulator has required the company to divest at least 20 percent of its operations in 31 of Italy's 65 territorial areas. In four additional areas, Italgas must sell a share equal to or greater than the market portion gained through the acquisition.
