Enel aims to develop global reach

September 2007
Utility Week;9/14/2007, Vol. 27 Issue 21, p10
Trade Publication
The article reports on the launch of tender offers by Enel and Acciona for Endesa which amounts to €40.16 per share. Enel explained that the offer, along with plans to raise its holding in OGK-5, indicated that the firm is ready to implement its strategy of becoming an energy leader at the global level. It states that the company's group revenue for the first half of 2007 has declined from €19,065 million to €18,857 million.


Related Articles

  • Eon raises its bid for Endesa as writs fly. Jones, Simon // Utility Week;3/30/2007, Vol. 27 Issue 2, p10 

    The article reports on the decision of Eon to raise its offer for Endesa to €40 per share. The improved offer extends the deadline of the bid to April 3, 2007. Other companies bidding for the Spanish energy company include Italian group Enel and Spanish construction firm Acciona. It...

  • CNE agrees merger with conditions.  // Utility Week;7/13/2007, Vol. 27 Issue 16, p10 

    No abstract available.

  • Eon prepares to walk away from Endesa. Jones, Simon // Utility Week;3/16/2007, Vol. 26 Issue 24, p10 

    The article reports on the plan of energy company Eon to abandon its takeover bid for Endesa. It cites the reason of Eon for canceling its bid for the Spanish energy company. It mentions that construction group Acciona has led the campaign to keep Endesa under Spanish control. The all-cash offer...

  • Features.  // Utility Week;5/26/2006, Vol. 25 Issue 13, p18 

    This article reports that Spanish power group Endesa posted an 88 per cent leap in net profit for the first quarter. The company's international operations were the chief drivers of the surge, which surpassed analysts' forecasts of about 23 per cent growth. Revenue was up 31 per cent. Endesa...

  • Untitled.  // Utility Week;5/23/2008, Vol. 29 Issue 5, p14 

    The article reports that the European Commission is asking Spain to respond to charges that it imposed unlawful conditions when Enel and Acciona bought energy firm Endesa. Spanish energy regulator CNE imposed a number of conditions on the merger, including maintaining the Endesa brand. Although...

  • Acciona denies deal with Eon over Endesa. Jones, Simon // Utility Week;3/23/3007, Vol. 27 Issue 1, p9 

    The article reports on the denial of Spanish group Acciona over reports that it will sell its 21% share in Endesa to Eon. It was reported that a last-minute deal with Acciona will save the €41 billion bid of Eon for Endesa. Acciona gained a €1 billion paper profit from the Endesa...

  • Endesa: takeover looms at last.  // MarketWatch: Global Round-up;May2007, Vol. 6 Issue 5, p141 

    The article discusses the move of E.ON Energie AG to abandon its bid to completely take over Endesa SA, admitting it has bested by Enel SpA and Acciona SA. An asset swap deal has been signed to provide E.ON with certain Endesa assets. Although the Spanish government may not be pleased with the...

  • Endesa conditions 'unlawful'.  // Utility Week;9/28/2007, Vol. 27 Issue 23, p33 

    The article reports on the reaction of the European Commission to the conditions imposed by Spain's National Energy Commission (CNE) on a takeover of Endesa. On July 5, 2007, the Commission approved the merger of the three companies, but the CNE imposed restrictions on the new company when Enel...

  • Regulator calls for veto on Enel voting rights.  // Utility Week;4/27/2007, Vol. 27 Issue 5, p12 

    The article reports that Comisión Nacional de Energia (CNE), the Spanish energy regulator, has urged the government to assume the power of veto over any decision made by Enel as a strategic investor in leading supplier Endesa. The regulator has also asked for more information from Enel and...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics