Law360, New York (March 16, 2006, 12:00 AM EST) -- The European Commission has affirmed that merger laws give it the authority to review the proposed takeover of Spain’s Endesa SA by Germany’s E.On AG. The same laws had prevented the EC from reviewing the proposed merger of Endesa and Barcelona-based Gas Natural last year.
The EC has the right to review a merger if the companies involved do more than one-third of their business outside of their home countries.
While the law prevented the EC from intervening in the instance of the combination of the...
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