ADVERTISEMENT

EU clears Enel-Acciona bid for Endesa

Green Energy

The European Commission cleared the €42.5 billion ($65.3 billion) takeover of Spanish utility group Endesa by Italian rival Enel and Spanish infrastructure group Acciona on Monday.

The European Union’s antitrust department had previously cleared the takeover but it was resubmitted after a deal by the acquirers to sell some of Endesa’s assets to E.ON of Germany, the Commission said in a statement. “This new agreement excludes one of Endesa’s power plants that was to be divested to E.ON (the Foix power plant in France) and substitutes one power plant in Spain (Besos 3) for another one (Tarragona 1),” the statement said. (Reuters)

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.