ENDESA OUTDEALS DUKE.After overcoming Chilean regulators's concerns and outbidding rival Duke Energy, Endesa Spain closed a deal in May to acquire control of Chilean public utility Empresa Nacional de Electricidad, also known as Endesa Chile. The Spanish Spanish, river, c.150 mi (240 km) long, issuing from Spanish Lake, S Ont., Canada, NW of Sudbury, and flowing generally S through Biskotasi and Agnew lakes to Lake Huron opposite Manitoulin island. There are several hydroelectric stations on the river. utility, which already owned 25% of Endesa Chile, paid US$2.1 billion for an additional 35% of the Chilean company. The sale ended a battle between Endesa Spain and U.S.-based Duke Energy, which had increased its bid to Endesa Chile's shareholders from 250 to 275 Chilean pesos ($0.57 per share) to acquire 61% of the company. Endesa, through its Enersis unit headed by Alfredo Llorente, paid 360 pesos (US$0.75 per share) in a public auction on the Santiago Stock Exchange The Santiago Stock Exchange (Bolsa de Comercio de Santiago, SSE), founded in November 27, 1893, is Chile's dominant stock exchange. Operations and Indices The exchange trades in stocks, bonds, investment funds, stock options, futures, gold and silver coins minted by the Banco . The other hurdle HURDLE, Eng. law. A species of sledge, used to draw traitors to execution. was an injunction injunction, in law, order of a court directing a party to perform a certain act or to refrain from an act or acts. The injunction, which developed as the main remedy in equity, is used especially where money damages would not satisfy a plaintiff's claim, or to brought against Endesa in April to investigate against possible anti-trust violations. The injunction was later withdrawn. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion