We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

E.U. Bashes New Restrictions On E.On/Endesa Deal

Law360 (November 29, 2006, 12:00 AM EST) -- The new conditions imposed by the Spanish government on the merger of energy companies E.On AG and Endesa SA “raise serious doubts as to their compatibility with EC law,” according to the European Union.

The European Commission claims that the conditions, mandated by CNE, Spain’s energy regulator, on Nov. 3, violate the E.U.’s laws governing the free movement of capital.

While Spain agreed to roll back several of the original conditions imposed on the merger, the government insisted that two remain. The conditions require E.On to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.