E.C. Will Take Spain To Court Despite E.On's Exit

Law360, New York (April 3, 2007, 12:00 AM EDT) -- The allegedly protectionist energy consolidation policies of Spain may have finally caused would-be suitor E.On AG to withdraw its offer for Endesa SA, but the country is still not off the hook with the European Commission.

“We shall continue our action against Spain before the court,” said Commission spokesperson Jonathan Todd.

The Commission said last week that it would take Spain to Europe’s highest court for its continuous interference in the proposed merger of E.On and Endesa.

The legal action would be the latest in a...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.