E.C. Clears E.On Bid For Endesa

Law360, New York (April 25, 2006, 12:00 AM EDT) -- The controversial takeover of Spanish energy company Endesa by German utility E.On has been approved by the European Commission, despite the efforts of the Spanish government.

After conducting a month-long review of the proposed acquisition, the Commission ruled that “the proposed transaction would not significantly impede effective competition in the European Economic Area or any substantial part of it.”

The Commission said that it would continue to review both the Spanish and German gas and electricity markets to ensure that competition is not impeded in any...
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