The Spanish competition authorities impose severe and restrictive remedies on the two largest national electricity companies, leading to merger withdrawal (Endesa / Iberdrola)

The operation The operation involved Endesa's acquisition of Iberdrola. The transaction included a divestment plan aimed at preventing the merged company from achieving a post-merger size larger than Endesa's pre-merger size in the affected markets. Endesa was the largest electricity company in Spain. It was also vertically integrated, with activities in electricity generation, distribution (including retailing to regulated customers) and retailing to unregulated customers. Endesa also owned some electricity transmission assets in Spain. Iberdrola was the second largest electricity company in Spain and only slightly smaller than Endesa. Also like Endesa, Iberdrola was vertically integrated, with activities in electricity generation, distribution (including retailing to regulated

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Daniel Domínguez Muñoz, The Spanish competition authorities impose severe and restrictive remedies on the two largest national electricity companies, leading to merger withdrawal (Endesa / Iberdrola), 10 January 2001, e-Competitions January 2001 , Art. N° 20845

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