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Image header Agence Europe
Europe Daily Bulletin No. 9264
Contents Publication in full By article 14 / 30
GENERAL NEWS / (eu) eu/commission

Towards agreement between Madrid and Berlin over E.ON/Endesa

Brussels, 13/09/2006 (Agence Europe) - We are all hoping for a happy ending in the E.ON/Endesa affair, the spokesperson to the Commissioner in charge of Competition declared on Wednesday, adding that if there are any changes to the conditions imposed on this merger by the Spanish regulator, then these conditions must be notified to the Commission, which will verify that they are compatible with European rules. On Tuesday, the Spanish Prime Minister, José Luis Zapatero, and German Chancellor Angela Merkel met at Lake Constance to discuss issues including this one. "I believe that the final result will be positive", said Mr Zapatero, who hopes for a solution which is "satisfactory to the German government, the Spanish government and the company E.ON itself". According to Wednesday's edition of El Pais, Madrid is prepared to grant the German group up to two years to get rid of Endesa assets. This considerably relaxes the conditions initially imposed by the German regulator and judged by the Commission to be against European rules (EUROPE 9251). Spain's response to these objections was still pending on Wednesday.

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