Spain Misses E.C. Deadline On E.On, Endesa Conditions

Law360, New York (October 25, 2006, 12:00 AM EDT) -- Although the Spanish government has missed the deadline to respond to the European Commission’s concerns about conditions imposed by the government in the mergers of energy companies E.On and Endesa, Spain’s industry minister has assured regulators that they will have the country’s response within days.

The E.C.’s competition authority gave the agency until Wednesday at midnight to respond to a letter outlining problems with conditions mandated by the Spanish competition regulator CNE in the merger of the two companies.

The government missed the deadline, but Industry...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.