Tuesday, April 3, 2007

E.ON soars as compromise ends struggle for Endesa

(Reuters) - The German utility announced last night it expected its bid for a majority in Endesa to fail.

It therefore agreed with Italian utility Enel and Spanish builder Acciona , which had become Endesa's largest shareholders, to instead acquire power plants and other energy assets in Spain, France and Italy worth about 10 billion euros.


Read more at Reuters.com Hot Stocks News

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