Power Group Online Article |  | |
26 January 2007 - E.ON said today it has received notification from the CNMV, the Spanish stock market regulator, that the suspensions of the two bids for Endesa have been lifted. Now both bidders have to provide their final offer via a sealed envelope, which have to be submitted on Friday, February 2, 2007.
E.ON chief executive Wulf Bernotat said: "We are delighted that Endesa's shareholders will very soon have the opportunity to decide on our offer, and remain confident that the transaction will reach a successful conclusion. We believe that we offer very attractive terms for all Endesa's shareholders. Whilst we view Endesa as an attractive investment opportunity, we are committed to our strict financial criteria and will not be influenced by the recent market speculation."
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