Gas Natural Eyes Possible E.On, Endesa Collusion

Law360, New York (November 7, 2006, 12:00 AM EST) -- As E.On inches towards obtaining final approval of its bid to acquire Spanish rival Endesa from Spanish stock market regulator CNMV, the government-backed Gas Natural is calling for further investigation into possible collusion between the energy companies and Deutsche Bank.

Rafael Villaseca, Gas Natural’s chief executive officer, said during a Webcast on Tuesday that Gas Natural is continuing proceedings against Endesa, E.On and Deutsche Bank because it has “more than reasonable doubt” that communication between the three companies ahead of E.On's bid for Endesa was free...
To view the full article, register now.