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Power plays

22 February 2006 By Fiona Maharg-Bravo

The mood music coming out of Spain is that the government may end up using its golden share to block E.on s bid for Endesa. Not only would this be flagrant abuse of shareholder rights. It would put Spain in conflict with the EU s plan to liberalise energy markets. Judging by the noise coming out of Spain, the government may end up using its golden share to block E.on s bid for Endesa.

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