Endesa moves step closer to control of Endesa Chile

Article Abstract:

Spain's Endesa SA (Endesa Spain) moved closer to acquiring controlling interest in Empresa Nacional de Electricidad SA (Endesa Chile) following the Duke Energy Corp.'s decision to withdraw from the bidding for the Chilean-based firm. Duke made its decision to withdraw its $3 billion bid on April 21, 1999. This was two days after Endesa Spain increased its bid for Endesa Chile. Both Duke and Endesa Spain had been engaged in an increasingly intense bidding war for Endesa Chile.

Comment:

Duke Energy withdraws bid for Endesa Chile; move brings Endesa Spain closer to acquiring Endesa Chile

Asset sales & divestitures, Acquisitions & mergers, Electric Utilities, Electric Power Generation, Transmission and Distribution, Foreign operations, Chile, Spain, Planning, Abstract, Endesa S.A., Duke Energy Corp.

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Europe may fund little in Iraq

Article Abstract:

Western European nations are expected to provide only a small amount of funding for the reconstruction of Iraq despite U.S. efforts to heal diplomatic relations. The cost of rebuilding Iraq could go as high as $100 billion.

United States, Construction, Financial management, Western Europe, Iraq, Finance, International aspects, Building, Company financing, Postwar reconstruction

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