Spanish savings bank CAJASTUR and electricity group EDP - ELECTRICIDADE DE PORTUGAL are to launch a public bid on 100% of the capital of the fourth largest Spanish electricity company, HIRDROCANTÁBRICO. To achieve this, they have formed a consortium called ADYGENSINVAL which proposes 24 euros per share, amounting to a total of EUR 3.5 billion (including debts). CAJASTUR and EDP are henceforth guaranteed the control of at least 34.2% of the electricity group. On one hand, CAJASTUR already...