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Image header Agence Europe
Europe Daily Bulletin No. 9332
Contents Publication in full By article 10 / 41
GENERAL NEWS / (eu) eu/competition

Spanish measures in proposed E.ON/Endesa takeover violate EC law

Brussels, 20/12/2006 (Agence Europe) - On 20 December the European Commission decided that Spanish measures in proposed E.ON/Endesa takeover are incompatible with EC law. New conditions imposed by Madrid in a decision of 3 November 2006 and in its response last week to the Commission's decision of 29 November (EUROPE 9317) have violated Article 21 of the EU Merger Regulation, and are therefore illegal. The illegal conditions should be got rid of by 19 January 2007. If they fail to do so, the...

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