PropertyEU

Acciona to oppose E.ON bid for Endesa

By A staff reporter 2006-12-06T00:00:00

Acciona, a Madrid-based construction group, has announced to Spanish stock exchange authorities that the company will actively oppose the takeover bid made by Germany's E.ON group for Endesa, Spain's second largest electricity company. The offer of EUR 35 a share values Endesa at EUR 37.1 bn, which is 'highly inadequate', ...

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