The Madrid Commercial Court of Appeal lifts interim measures having blocked a key merger on the basis of alleged anticompetitive agreement (Gas Natural / Endesa)

Background The Gas Natural vs. Endesa battle continues before the Spanish courts. On June 2006, a commercial court in Madrid “provisionally” halted the takeover bid launched by Gas Natural more than 17 months ago. This decision was adopted in the proceedings brought by Endesa to challenge the agreement entered into between Gas Natural and Iberdrola under which, following completion of the merger, Gas Natural would divest certain assets in favour of Iberdrola. Endesa argued before the commercial

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Margarita Fernandez Alvarez-Labrador, The Madrid Commercial Court of Appeal lifts interim measures having blocked a key merger on the basis of alleged anticompetitive agreement (Gas Natural / Endesa), 15 January 2007, e-Competitions Interim measures, Art. N° 13220

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