EDP, ENI fail to provide remedies to EU Commission
30-11-2004 11:27 por Reuters
BRUSSELS, Nov 30 (Reuters) - Energy firms Energias de Portugal and Italy's ENI have failed to provide remedies needed to receive approval by the European Commission to acquire Portugal's main natural gas dealer, a spokesman for the EU executive said on Tuesday.
"We have not received any satisfactory remedies," Jonathan Todd told reporters.
However, Todd said the Commission had received no notice that EDP and ENI planned to withdraw their planned acquisition.
"The clock is still ticking," he said.
The Commission has set Dec. 9 to vote on the proposal by EDP and energy group ENI to buy 51 percent and 49 percent respectively of Gas de Portugal from state-controlled Galpenergia, sources have said.
((Reporting by David Lawsky; Editing by Peter Nielsen; Reuters messaging [email protected]; e-mail [email protected]; +322-287-6836. Brussels newsroom))
EDP, ENI fail to provide remedies to EU Commission
jpspinto
21
30-11-2004 07:38
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