The Spanish competition authorities conditionally clear a major merger in the energy sector raising substantial EC and national procedural issues (Gas Natural / Endesa)

On 12 September 2005, GAS NATURAL (“GN”), the incumbent natural gas utility in Spain, notified the Spanish competition authorities of its takeover bid for the entire share of ENDESA, Spain's main electricity utility [1]. The merger would therefore bring together the nation's largest natural gas company and its top electricity provider. This would have been the first Spanish case in which competition law would play a major role in a company's defence against a hostile take over. ENDESA decided to fight on all fronts and contested the jurisdiction of the Spanish authorities to assess the proposed merger. It approached the European Commission services alleging that the intended deal had a Community dimension and should consequently be notified to the Commission under Article 4 of Council

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

Quotation

Aitor Montesa Lloreda, Angel Givaja Sanz, The Spanish competition authorities conditionally clear a major merger in the energy sector raising substantial EC and national procedural issues (Gas Natural / Endesa), 3 February 2006, e-Competitions Bulletin February 2006, Art. N° 494

Visites 7590

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues