Spanish stock authority CNMV has approved the bid by FERRO ATLANTICA on 25% of the capital of the electricity company HIDROCANTABRICO - HIDROELECTRICA DEL CANTABRICO. The operation worth EUR 537.6 million directly concerns the German group ENBW that is about to come under EDF control. According to the move envisaged, ENBW would acquire 50% of FERRO ATLANTICA. Announced last September, the bid was judged inadequate by HIDROCANTABRICO, which calls on MERRIL LYNCH to find another potential...