Regulator Seeks Info From Endesa, E.On

Law360, New York (January 22, 2007, 12:00 AM EST) -- The Spanish stock market regulator CNMV has heeded calls from Spanish energy and construction firm Acciona SA to probe Endesa SA and German utility E.On AG in an effort to identify possible collusion between the companies.

A spokesperson for CNMV said Monday that it has asked E.On and Endesa to provide information on their contacts ahead of E.On’s €36.5 billion takeover bid for the Spanish electricity company in response to Acciona’s complaint that Endesa provided E.On with privileged information, Dow Jones reported.

The request is the...
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.