The EU Commission declares part of conditions imposed by Spain energy regulator on a proposed acquisition in the energy sector incompatible with EU law and requires their withdrawal (Enel / Acciona / Endesa)

"Mergers: Main developments between 1 September and 31 December 2007"* The acquisition of joint control of Endesa by Enel and Acciona was notified to the Commission on 31 May and cleared on 5 July. Under the relevant national law, Enel and Acciona requested the Spanish energy regulator (Comision Nacional de Energia — CNE) to approve the deal. On 4 July the CNE approved the transaction subject to a number of obligations: (i) Endesa had to remain the parent company of the group, and it had to maintain its trade

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Authors

  • J G Associates (Brussels)
  • DG COMP (Brussels)

Quotation

John Gatti, Mary Loughran, The EU Commission declares part of conditions imposed by Spain energy regulator on a proposed acquisition in the energy sector incompatible with EU law and requires their withdrawal (Enel / Acciona / Endesa), 5 December 2007, e-Competitions Bulletin Energy & Mergers, Art. N° 37761

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