Enel: green light for acquisition of Endesa

Nothing precludes the EU € ™ purchase operation of Endesa by Enel and Acciona as â € œla proposed transaction would not significantly impede competition in the economic area europeae € ™ €,
as stated in a press release from the commission and â € à ¨ Oeino taken under the EU Merger Regulation â € œ as noted in a statement, since it is a € ™ operation in wide scale.
In fact being € ™ â € œunâ transaction which concerns mainly the field of electricity â € ™: Ã ¨ low contrast there between the parties' activities in the markets of electricity â € ™ in Portugal, Germany and Greciaâ €, as the € EU Antitrust ™, however, â € œtenendo E. ON account of sales of part of the activities of Endesa, the only markets affected as a result of the transaction would be the generation / supply € ™ to wholesale and retail electricity Spagnaâ €. In addition, the committee noted that â € œla transaction will not significantly strengthen the production of Endesa in any of these Markets €, and that in particular â € œla transaction will result in a very limited increment of the combined share of installed capacity and even a reduction market share in the markets for generation and supply to the € € ™ ingrossoâ also eliminazine of Acciona as an independent "not likely to lead to any significant non-coordinated market, particularly in view of the corresponding reinforcement of 'operator Viesgo, previously controlled by Enel and will be controlled by E. ON ".
the concentration that would be created will increase the market share of Viesgo and generation capacity, while competition in the market remains active with various groups and companies including Gas Natural, Union Fenosa and Iberdrola.
the investigation commissioner revealed that the merger would not appreciably increase the incentives and capacity of the main electricity supplier in Spain to coordinate their activities in the market.
with regard to the retail offer 'concerns may be excluded in terms of competition given the minimal overlap of the parties "and thus continues the Commission" Ã ¨ unlikely that the transaction would have negative effects on vertically related markets on which they operate the parts (gas infrastructure, wholesale and retail trade, coal, CO2 emission allowances trading and financial market of 'power) because of the limited positions of the parties and / or different geographic scope delleloro activities on these markets .

Tags: Dell, Endesa, Enel, Financial, Incentives, Enel Quotes

Related posts

• Wages Manager 2008 (0)
• Nuclear convenient .. or not? (0)
• Mibtel drops of 0.94%, Fiat gives 4.32% (0)
• Enel makes use of some terms of the CNE (0)
• Enel issues bonds for 2 Milardi (0)