GO
Loading...

Regulator Approves Endesa Takeover with Conditions: Report

Spain energy regulator CNE has approved Enel and Acciona's joint takeover of Endesa SA with conditions that will continue to be debated by the regulator today and tomorrow, Cinco Dias reported, citing unnamed sources.

The possible conditions include maintaining investments in Endesa's infrastructure and regulated assets, and that the utility remain an independent company with headquarters in Spain, the newspaper said.

There may also be conditions on the supply of raw materials such as gas, it said.

The CNE also wants to retain the right to revoke authorization of the deal if the future managers of the company take decisions that put energy supply at risk. Separately, Expansion reported that Endesa has agreed to open its books to Enel and Acciona to ease the takeover transition.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More*

Don't Miss

  • An employee weighs a specific amount of marijuana for a customer purchase at the Evergreen Apothecary in Denver.

    The IRS is recommending accountants who help state-recognized, legal marijuana businesses "not be considered unethical."

  • Robo-advisors use algorithms and model portfolios to allocate investments according to a client's particular objectives and risk tolerance.

  • Executives at the Sleep Out around 1:30am in the Covenant House parking lot.

    Ex-Wall Streeter Turney Duff live blogs the Convenant House Sleep Out, where executives and celebrities sleep on the street for a night to raise awareness and money for homeless youth.

U.S. Video