EU Leans On Spain To Lift Endesa Merger Conditions

Law360, New York (May 15, 2008, 12:00 AM EDT) -- The European Commission has given the government of Spain a one-month deadline to reply to demands that it withdraw conditions it imposed on the €43.7 billion ($67.6 billion) merger between Spanish energy providers Endesa SA and Acciona and Italian rival Enel.

If Spain does not provide a satisfactory reply to the EC's “reasoned opinion” within a month, the commission could decide to take legal action before the European Court of Justice, the EC said Thursday.

The reasoned opinion comes almost five months after the commission launched...
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