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Europe Daily Bulletin No. 8746

13 July 2004
Contents Publication in full By article 32 / 39
GENERAL NEWS / (eu) eu/internal market
Spain under formal notice to abolish "golden shares"

Brussels, 12/07/2004 (Agence Europe) - The European Commission has sent two letters of formal notice to Spain calling on it to abolish the legislative provisions that restrict foreign investment in its privatised companies. First of all, it calls on it to comply with the Court's ruling of May 2003, which condemns the legislation which makes prior State approval compulsory for certain decisions (divisions and transfer of assets, etc.) concerning the companies Repsol, Telefonica de Espana,...

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