Law360 (March 27, 2006, 12:00 AM EST) -- Forging ahead with its bid to acquire Spain’s biggest energy utility, German energy giant E.On AG has formally requested regulatory clearance from Spanish authorities for its €29.1 billion takeover offer.
E.On submitted supporting documents to Spain's National Energy Commission late last week, according to Dow Jones.
The request kicks off a one-month review of E.On’s takeover plans by the National Energy Commission, a process that may be extended.
Spanish Prime Minister Jose Luis Rodriguez Zapatero and Germany’s Chancellor Angela Merkel are slated to meet next month...
E.On Seeks Green Light From Spain In Endesa Battle
To view the full article, register now.
Try Law360 FREE for seven days
Already a subscriber? Click here to login
