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

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

Law360 (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...
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.