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The Commission has authorized Deutsche BP Aktiengesellschaft to acquire 45% of the share capital of Fechner Holding GmbH. The latter has a majority shareholding in Bruno Fechner GmbH & Co. KG (Fechner KG), sharing control with Europaeische Brennstoffhandelsgesellschaft, a member of the Ruhrkohle AG group of companies, and Stinnes AG, a member of the VEBA group. Fechner KG produces a marketable hard coal from low-grade hard coal products, high-grade hard coal and coal recovered from colliery-tips and sells this product to power stations and industrial users equipped with suitable furnaces. As Fechner KG does not sell domestic fuel, the merger will have an impact on competition in the relevant market, i.e. the Federal Republic of Germany, only in the field of power stations and other industries. However, Deutsche BP's market share in either case will not increase as a result of the merger to the extent that workable competition within the terms of Article 66(2) of the Treaty of Paris would be affected. A special feature of this merger may, rather, have a favourable effect on competition in the relevant market, namely the fact that, besides fuel oil, BP has access to considerable quantities of coal originating in third countries. It can be assumed from this that the new shareholder will try in future to sell to Fechner KG's customers, who previously covered only part of their requirements with the joint enterprise's hard coal product, more of its own fuel, be it coal from third countries or fuel oil, soas to satisfy their remaining requirements.