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

EU Gives Spain One Month To Lift Endesa Conditions

Law360 (December 5, 2007, 12:00 AM EST) -- The European Commission has given the Spanish government one month to lift some of the conditions placed on the acquisition of energy company Endesa SA by rival companies Enel and Acciona, claiming that the conditions do not comply with European Union law.

Regulators said on Wednesday that a number of conditions imposed on the takeover by Spain's National Energy Commission violate merger regulations and must be removed by early January.

“The European Commission has decided that Spain has violated Article 21 of the EU merger regulation...
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.