EU Will Allow E.On to Acquire Viesgo, Parts of Endesa

Law360, New York (August 6, 2007, 12:00 AM EDT) -- The European Union announced Monday that German energy company E.On AG could acquire the Spanish company Viesgo and part of Endesa, another Spanish company, saying that the deal would not hurt consumers.

“The Commission’s examination of the proposed takeover confirmed that the parties have limited overlapping activities in the electricity markets in France, Italy, Germany and Poland,” the EC said in a press release. “The proposed transaction is not likely to create competitive concerns in any of these countries, as the combined entity would have very...
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