Endesa joins bidding for Chile power firm

Article Abstract:

Endesa SA began a counterbid to acquire a controlling share of Empresa Nacional de Electricidad SA. The $1.5 billion counteroffer launched a bidding war with Duke Energy Corp. for control of Empresa Nacional de Electricidad, which is also known as Endesa Chile. The battle for Empresa is taking place as US and European electricity markets are opening their doors to competition. The acquisition of Endesa Chile would give either Duke or Endesa a strong presence in the Latin American region.

Comment:

Endesa begins $1.5 bil counterbid to acquire controlling share of Empresa Chile; bid sets off bidding war with Duke

United States, Chile, Abstract, Duke Energy Corp.

Endesa wins bid to acquire Italian electricity producer

Article Abstract:

Endesa SA has won the bidding for the acquisition of Enel SpA's Elettrogen electricity generation division. The deal is valued at 2.63 billion euros.

Italy, Elettrogen, ENEL S.p.A.

Iberdrola to merge with rival Endesa

Article Abstract:

Iberdrola SA has reached an agreement to merge with Endesa SA, its largest rival. The deal is valued at 15.17 billion euros.

Iberdrola S.A.