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28 July 2006 - Spain's Comisión Nacional de Energía (CNE) decided on Thursday to approved E.ON's bid for Endesa subject to a number of conditions.

The CNE notified E.ON that agreement was conditional on E.ON divesting about 7600 MW of Endesa's generating capacity in Spain. E.ON said that it had not yet received the decision in writing but planned to review the conditions in detail. E.ON said it saw no justification for the conditions it is already aware of and reserves all legal options.

In a statement E.ON said it is strongly committed to the acquisition and believes that it will benefit all stakeholders: customers, employees and shareholders as well as the wider Spanish economy.

Following its detailed review of the CNE decision, E.ON will inform the market of any further action it may take.

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