Ferroatlantica makes bid for stake in Spanish rival

Article Abstract:

Ferroatlantica launched an unsolicited Euro537 million offer for 25% of Hidroelectrica del Cantabrico S.A., in the latest action toward consolidation of Spain's electricity industry.

Ferroatlantica

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Hydroelectrica takeover battle ends as RWE bows out of competition

Article Abstract:

RWE AG, a German utility, withdrew from the bidding for Spain's Hidroelectrica del Cantabrico S.A., making way for negotiations concerning the takeover of Spain's smallest power firm. RWE's offer of Euro26 per share was trumped by a joint E27.30 per share bid from Ferroatlantica S.A. and Energie Baden-Wuerttemberg AG.

Mining & Extractive Industries, Mining, Mining industry, RWE AG, Ferroatlantica S.A., Energie Baden-Wuerttemburg

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Spain suspends foreign firms' vote (Spanish government suspend Germany's Energie Baden-Wuerttemberg and Portugal's Electricidade de Portugal)

Article Abstract:

The Spanish government has suspended the stockholders' voting rights of Germany's Energie Baden-Wurttemberg and Portugal's Electricidade de Portugal following both foreign countries firms' acquisition of majority shares in Spain's electric utility Hidroelectrica del Cantabrico S.A.

Government regulation, Merger Regulation, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Portugal, Laws, regulations and rules, Acquisitions and mergers, Economic policy, Corporation law, Voting rights (Stockholders), Electricidade de Portugal S.A., Energie Baden-Wurttemberg

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