The Madrid Commercial Court suspends the incumbent gas company’s bid to acquire a competitor on the basis of an alleged anticompetitive agreement contrary to Art. 81.1 EC (Gas Natural / Endesa)

Introduction Gas Natural's hostile bid for Endesa is Spain's largest ever takeover, and the bid is growing more hostile by the day. Endesa has filed more than 12 claims or appeals before the Spanish, EU and US courts in an attempt to block the deal. In this context, on 25 November 2005, Endesa filed a claim with the Spanish commercial court in Madrid requesting the annulment of an agreement entered into between Gas Natural and Iberdrola. That agreement provided for the sale of certain of

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Authors

  • Associated British Foods (Madrid)
  • Freshfields Bruckhaus Deringer (Madrid)

Quotation

Salomé Santos, Francisco Cantos, The Madrid Commercial Court suspends the incumbent gas company’s bid to acquire a competitor on the basis of an alleged anticompetitive agreement contrary to Art. 81.1 EC (Gas Natural / Endesa), 21 March 2006, e-Competitions March 2006, Art. N° 1380

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