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Commissioner Charlie McCreevy is considering measures against Spanish takeover rules (Photo: European Commission)

Madrid faced with ultimatum on Endesa business

The European Commission is considering bringing the Spanish government to court for trying to block a €29.1 billion bid by German energy giant E.On for Spanish rival Endesa, the EU’s internal market commissioner has said.

"I think that we will have to initiate measures against Spain" Charlie McCreevy said in an interview with German daily Handelsblatt on Sunday (12 March).

Mr McCreevy has told the Spanish government that if it does not withdraw a new decree giving it more power ...

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Commissioner Charlie McCreevy is considering measures against Spanish takeover rules (Photo: European Commission)

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