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Endesa's knight in shining armour

21 February 2006 By Fiona Maharg-Bravo

Gas Natural, which made a hostile bid for its larger Spanish rival, will find it hard to compete with a German cash bid that is 30% higher. Although it probably won’t give up without a fight, it may need new allies to stay in the game. The Spanish government won’t like this German invasion. But it will be hard to block it.

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