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Endesa escapes the clutches of the German group E.ON

After months of negotiations, the German group E.ON has renounced its takeover bid for the Spanish company Endesa. It has made a deal with Acciona and Enel the two major share-holders of the Spanish electricity provider. The daily makes an early assessment of the operation. "One could claim that Spain comes out of all of this looking like a very interventionist state, differing little however with cases of protectionism in Italy, France or Germany where public shares in energy groups are much higher. Moreover, it is clear that the share-holders of Endesa come out on top since their shares have been considerably revaluated. What about Spanish citizens? None of the proposed options seemed to stand out in terms of quality and price. It is likely that the Spanish economy will benefit from the fact that the headquarters remain in Spain and on this point, the solution retained seems better than having Endesa fall in to the hands of a company based in Germany."

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Więcej z przeglądu prasy na temat » Przedsiębiorczość, » Niemcy, » Włochy, » Hiszpania, » Europa

» Cały przegląd prasy z dnia Czwartek, 5. Kwiecień 2007