Endesa

Table of contents

1 Introduction 2 Takeover battle 3 Foratom 4 References

Introduction

The Spanish utilty, Endesa, has shares in five nuclear reactors:-

36% of two PWR reactors - Almaraz I and II (977MW and 980MW);

100% of the PWR Asco 1 (1032MW)

85% of the PWR Asco 2 (1027MW)

78% of the PWR Vandellos II (1087MW), currently being decommissioned. ^{[1] (http://www.nuclearspin.org/index.php/Endesa#endnote_span)}

Endesa has 22 million customers around the globe from Poland to Chile. ^{[2] (http://www.nuclearspin.org/index.php/Endesa#endnote_iht)}

Takeover battle

Eon and Enel have been battling for control of Endesa. Eon first made a bid in 2006. Eventually in April 2007 it pulled out and struck a deal with rival bidders: Enel in partnership with Spanish construction company Acciona. By then Enel and Acciona had almost half of Endesa’s equity under their control.

Assuming Enel and Acciona proceed with their takeover offer and gain control of Endesa, Eon will receive assets in Spain, France, Italy and Turkey, including Viesgo, Spain's fourth-largest utility currently owned by Enel, as well as Endesa's assets in France and Italy. ^{[3] (http://www.nuclearspin.org/index.php/Endesa#endnote_ft)}

Foratom

Endesa is a member of the European Atomic Forum

References

1. ^ Spanish Nuclear Industry Forum website (http://www.foronuclear.org/en/energia_nuclear_espana.jsp)
2. ^ Enel and Acciona move toward Endesa takeover (http://www.iht.com/articles/2007/04/11/business/bxendesa.php), International Herald Tribune, April 12, 2007
3. ^ Endesa battle ends with Eon dropping bid (http://us.ft.com/ftgateway/superpage.ft?news_id=fto040220071353250739), Financial Times, April 2, 2007.