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Image header Agence Europe
Europe Daily Bulletin No. 9359
Contents Publication in full By article 26 / 35
GENERAL NEWS / (eu) eu/competition

E.ON launches final offensive for Endesa takeover

Brussels, 05/02/2007 (Agence Europe) - German energy leader, E.ON, again increased its offer on Friday for a takeover of the Spanish electricity company Endesa. It is now offering €41bn, which will make this the largest takeover ever made in the European energy sector. E.ON president, Wulf Bernotat, informed the press in Madrid: “We are expecting a conclusion on the deal in the first part of April”.

This new proposal will make Endesa shares worth €38.75 each, and increase the...

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