German utility E.ON AG (EONGY.PK 4%) and France's GDF Suez SA (GDFZY.PK 3.7%) both move higher...

|About: E.ON SE ADR (EONGY)|By:, SA News Editor

German utility E.ON AG (EONGY.PK 4%) and France's GDF Suez SA (GDFZY.PK 3.7%) both move higher today after Europe's second-highest court cut antitrust fines levied on both companies by more than 40%, citing an error in their calculation. In 2009, the European Commission had fined the two companies around $689M each for agreeing not to compete on each other's national gas markets.