Once endesa had acquired control in enersis, it used the chilean holding to fight for the control of chilean endesa with the us electricity company duke energy, which had just announced a takeover bid for a majority stake in endesa chile. Endesa (spain)'s wiki: endesa, sa (spanish pronunciation: [enˈdesa], originally an initialism for empresa nacional de electricidad, sa) is the largest electric utility company in spain. Takeover in september 2005, barcelona -based gas natural made a bid for endesa, whose board unanimously immediately rejected a €23 billion (£16 billion) offer  on january 5, 2006, the tribunal de defensa de la competencia (competition court, tdc) blocked the merger of gas natural and endesa because of what it claimed would be.
German power group eon is to launch a $35bn bid for spanish utility endesa, aiming to trump gas natural's offer. In 2006 and 2007 endesa was the target of takeover bids by gas natural, germany's eon and the italian firm enel despite barcelona -based gas natural being half the size of endesa, [ 3 ] its bid was championed by the socialist government as an all-spanish deal [ 4 . Eon said it had reached an agreement with enel and acciona to put an end to the substantial uncertainty surrounding the takeover bid for endesa, which has ground on for more than a year. Endesa sa the early years of the 21st century were a period of rapid deregulation of europe's energy opposition to the takeover bid on september 16, endesa.
Spain over its restriction on eon's bid on endesa, no formal action has been taken against the more economically powerful germany berlin had imposed a golden share condition on eon's takeover of. Endesa sa securities law & instruments as a consequence of the successful completion of the joint takeover bid made by acciona sa and enel energy europe srl. In effect, if a takeover bid such as that made by bbva had involved a dutch bank it could have been thwarted on the basis of current dutch legislation em 15 de novembro, a comissão decidiu rejeitar o pedido da endesa no sentido de declarar que a opa proposta tinha uma dimensão comunitária. October 5: the national securities market commission announced the result of the takeover bid launched by acciona, sa and enel energy europe for endesa october 18: endesa's board of directors signed the necessary agreements following acciona and enel's successful public tender offer.
The spanish energy giant grupo gas natural yesterday confirmed in a statement that it was launching a hostile takeover bid for rival grupo endesa worth 22549 billion euros ($284 billion. Eon to appeal spain's conditions for endesa takeover, bloomberg, spain gave the regulator powers to veto the takeover three days after eon made its bid on feb 21. Eon says it will pursue its bid for endesa in spite of the italians' unexpected sally but the chances of success for the biggest (and longest-running) takeover in utilities history suddenly look.
Endesa takeover approved eu slams spanish conditions on eon-endesa deal eon bolsters endesa takeover enel and acciona officially launch endesa bid. Attention has been focused on the political aspects of gas natural's hostile takeover bid for endesa but the deal also makes strategic sense, and the synergies from a linkup would likely benefit the shareholders of both companies. Brussels — the european commission took a defiant spain to the highest eu court wednesday for interfering in the €423 billion bid by the german utility eon for endesa the move was the. Mergers: commission approves acquisition by eon of endesa the european commission has approved under the eu merger regulation the acquisition of sole control through a public takeover bid for endesa sa (endesa), a spanish energy company mainly active in the electricity sector, by eon ag (eon), based in germany.
Economic nationalism, as a 'strategic industry' to pre-empt a potential takeover bid by pepsico proposed takeover of endesa (spain) by eon. In the latest development in endesa sa's campaign to thwart a hostile takeover attempt by gas natural sgd sa, the spanish electricity provider has agreed to a dismiss the lawsuit it filed in a. The endesa takeover was a long and complex process which lasted two years (10) the bid for endesa heated up with the arrival of a new suitor (11).