E.On Takes Legal Action Against Enel, Acciona

Law360, New York (March 26, 2007, 12:00 AM EDT) -- German power giant E.On AG has launched legal actions against Italian energy company Enel SpA and Spanish conglomerate Acciona SA for allegedly interfering with its bid for Endesa, the company said Monday.

The Dusseldorf-based company said it had filed complaints with the Comisión Nacional del Maercado de Valores (CNMV), a Spanish regulatory commission, after Enel and Acciona teamed up to launch a counter-bid for Endesa.

Just hours before, Enel and Acciona announced that they would bid at least €23.4 billion for the 54% of Endesa they...
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.