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6.2.2006: Meldung: Endesa SA: Official press release to the takeover by Gas Natural
Madrid, 3 February 2006
Madrid, 3 February 2005.- In the wake of the Spanish cabinet’s decision today to approve the takeover of Endesa by Gas Natural, and independent of the Company’s in-depth analysis of the ruling once it has been officially communicated, our initial legal evaluation has concluded that Endesa should appeal this decision at the Supreme Court.
Endesa believes that the conditions imposed, together with the poor quality of Gas Natural’s project, mean that the business combination lacks strategic, economic and manufacturing rationale, while by the same token jeopardising the initiative due to the serious regulatory risk it entails.
# If you have any questions, ask the Press Office
Ribera del Loira, 60 - 28042 Madrid
Tel.: 91213 9060 / 9163 - Fax: 91213 9095
Madrid, 3 February 2005.- In the wake of the Spanish cabinet’s decision today to approve the takeover of Endesa by Gas Natural, and independent of the Company’s in-depth analysis of the ruling once it has been officially communicated, our initial legal evaluation has concluded that Endesa should appeal this decision at the Supreme Court.
Endesa believes that the conditions imposed, together with the poor quality of Gas Natural’s project, mean that the business combination lacks strategic, economic and manufacturing rationale, while by the same token jeopardising the initiative due to the serious regulatory risk it entails.
# If you have any questions, ask the Press Office
Ribera del Loira, 60 - 28042 Madrid
Tel.: 91213 9060 / 9163 - Fax: 91213 9095