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Europe Daily Bulletin No. 9137

23 February 2006
Contents Publication in full By article 13 / 33
GENERAL NEWS / (eu) ue/competition/energy
Prime Minister Zapatero against E.ON takeover but will not use veto - Rebecca Harms and unions are opposed

Brussels, 22/02/2006 (Agence Europe) - On 21 February, German company E.ON launched a takeover bid valued at 29.1 billion euro for the Spanish electricity company Endesa. The Endesa Board, which had already rejected a bid from Gas natural, met on Tuesday evening to discuss the E.ON bid. Although 29.1% higher than its Spanish competitor's, it has been judged not to be high enough at this stage. Last November, the Commission decided that a takeover bid from Gas Natural, Spain's largest gas...

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GENERAL NEWS