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Iberdrola Talks To La Caixa To Prevent EdF Entry

Iberdrola Talks To La Caixa To Prevent EdF Entry
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Παρ, 15 Φεβρουαρίου 2008 - 03:49
Iberdrola SA's (IBE.MC) Chairman Ignacio Sanchez Galan has met the top brass of Catalan savings bank La Caixa, which controls gas supplier Gas Natural SDG SA (GAS.MC), in an effort to prevent a hostile takeover approach from Electricite de France (1024251.FR), local daily El Mundo reports Friday, citing sources close to La Caixa.
Iberdrola SA's (IBE.MC) Chairman Ignacio Sanchez Galan has met the top brass of Catalan savings bank La Caixa, which controls gas supplier Gas Natural SDG SA (GAS.MC), in an effort to prevent a hostile takeover approach from Electricite de France (1024251.FR), local daily El Mundo reports Friday, citing sources close to La Caixa.

Galan flew to Barcelona to meet La Caixa's Chairman Isidiro Faine, seeking to arrange an "alliance" with Gas Natural and create a national champion, El Mundo adds.

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