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Image header Agence Europe
Europe Daily Bulletin No. 9617
Contents Publication in full By article 19 / 29
GENERAL NEWS / (eu) eu/court of justice

Spain infringes law by preventing E.ON's takeover bid for Endesa

Brussels, 06/03/2008 (Agence Europe) - In a decision made on 6 March (C-196/07), the Court of Justice (ECJ) ruled against Spain for having prevented E.ON's takeover bid of Endesa in 2006-07. The ECJ found in the European Commission's favour for having given the operation the go-ahead on 25 April 2006 and which had later called on the Spanish government to withdraw the conditions on the Endesa buyout. In its decision the ECJ explained “that by not withdrawing within the periods prescribed a...

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