The European Commission Tuesday cleared German utility RWE AG (RWE.XE) to take over Dutch energy company Essent NV, on the condition that Essent sells its 51% stake in German utility Stadtwerke Bremen AG.

RWE will buy Essent's production and supply operations in a deal valued at EUR9.3 billion, including EUR1.1 billion in debt. Essent's electricity and gas distribution networks and waste management operations are excluded from the deal.

-By Carolyn Henson and Maarten Van Tartwijk, Dow Jones Newswires; +32 2 741 1 480; carolyn.henson@dowjones.com)
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