Eon launches EUR 29 bn Endesa bid

Author (Person)
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Series Details 22.2.06
Publication Date 22/02/2006
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The Spanish Government has attacked an offer by Germany's biggest power group, Eon, for Spanish energy company Endesa, outbidding Gas Natural. The bid raises hopes of renewed consolidation in Europe's energy sector, but also threatens to thwart Spanish efforts to create a national champion in the power sector.

Related Links
BBC News, 21.2.06: E.ON in $35bn Endesa takeover bid http://news.bbc.co.uk/1/hi/business/4734954.stm
BBC News, 22.2.06: Spain cool over German power bid http://news.bbc.co.uk/2/hi/business/4738502.stm

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