Spain Fails To Respond To EU's Endesa Deadline

Law360, New York (June 17, 2008, 12:00 AM EDT) -- A showdown between Spain and Europe's competition watchdog is under way in the wake of the agency's clearance Monday of the €43.7 billion ($67.6 billion) joint takeover of Spanish energy provider Endesa SA by Spain's Acciona SA and Italian rival Enel SpA, with Spain missing a deadline to withdraw its conditions on the merger.

Spain failed to respond to Monday's midnight deadline to respond to the European Commission's “reasoned opinion” finding that it must pull its merger conditions or potentially face legal action before the European...
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