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Jose Luis Zapatero - Endesa is a "strategic" asset for Spain (Photo: PSOE)

Spain defends 'national interest' in energy takeover row

Spain has expressed uneasiness over the planned takeover of its energy firm Endesa by German company E.On, highlighting EU governments' fight for the protection of strategic national industries.

Germany's energy giant E.On on Tuesday (21 February) offered €29 billion for Spanish energy group Endesa in a bid that could create the world’s largest energy supplier.

But the planned move frustrates the Spanish socialist government's efforts to create its own national energy champion, ...

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Jose Luis Zapatero - Endesa is a "strategic" asset for Spain (Photo: PSOE)

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