E.On Calls For Probe Into Acciona, Endesa Collusion

Law360, New York (January 11, 2007, 12:00 AM EST) -- Just one day after Spain’s highest court greenlighted the takeover of Spain’s Endesa SA by German utility E.On AG, the proposed merger encountered fresh troubles, with the Spanish stock market regulator CNMV revealing that E.On has called for a probe into possible collusion between Endesa and Spanish energy and construction firm Acciona SA.

CNMV said on Thursday it has received a written request from E.On that it launch an investigation into possible collusion between the two Spanish companies over the Acciona's recent stake-building in Endesa shares,...
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