E.C. Questions Conditions Imposed In E.On Deal

Law360, New York (August 3, 2006, 12:00 AM EDT) -- Although the European Commission has already cleared the takeover of Spanish utility Endesa SA by Germany’s E.On AG, it has requested clarification of the Spanish government’s conditional approval of the deal.

Spanish competition authorities approved the €26.9 billion deal on the condition that E.On sell about one-third of Endesa’s assets. E.On has said that it will appeal the mandatory sale.

E.C. regulators have asked Spain’s Comisión Nacional de Energia to explain the reasoning behind the demand, asking the CNE to demonstrate that it is in accord...
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