Endesa receives new takeover bid
Published April 12th, 2007
Italian energy firm Enel and Spanish construction firm Acciona have launched a bid for Spanish power firm Endesa.
The two companies are to bid 43.7bn euros ($58.7bn; £29bn) for Endesa, Spain’s stock market regulator said.
The 41.3 euro-per-share offer had been expected after a rival bid by German firm E.On collapsed last week.
Endesa has declined to comment on the latest move by Enel and Acciona - who already control a 46% stake in Endesa - in what has become a drawn-out process.
Enel and Acciona have been building up their share in Endesa over recent months.
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