Spanish lawyers are expecting a glut of work after the decision by the country’s energy regulator to approve E.ON’s €26.9bn (£18.4bn) takeover bid for Endesa on condition that it sells off a number of its assets.
The National Energy Commission has recommended that the German energy giant dispose of certain strategic assets, including nuclear power plants and the power generation and networks of the Balearic and the Canary Islands, as part of its conditions.
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