Statement by Jonathan Todd, spokesperson of Neelie Kroes, on proposed merger Enel/Acciona/Endesa

Type: News   Reference: I-055010   Duration: 11:22:23  Lieu:
End production: 21/09/2007   First transmission: 21/09/2007
At the 21 September press briefing, Jonathan Todd, spokesperson of Neelie Kroes, Member of the EC in charge of Competition, announced that the European Commission informed the Spanish authorities that its preliminary conclusion about measures taken by the Spanish energy regulator CNE on 26 April and on 4 July 2007, as regards the proposed merger between Enel, Acciona and Endesa, are in breach of the rules in the EU merger regulation which give exclusive competence to the European Commission over mergers of European dimension. The Spanish authorities have been given 30 days to react to the EC's preliminary assessment.

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TIME DESCRIPTION DURATION
11:19:38 Title 00:00:04
11:19:43 Exterior view of the European Commission building 00:00:05
11:19:48 Jonathan Todd, spokesperson of Neelie Kroes, Member of the EC in charge of Competition, (in ENGLISH) saying that the European Commission has informed Spain that its preliminary conclusion about measures taken by the Spanish energy regulator CNE on 26 April and on 4 July 2007, as regards the proposed merger between Enel, Acciona and Endesa, are in breach of the rules in the EU merger regulation which gives exclusive competence to the European Commission over mergers of European dimension; the basic rules are that Member States are allowed to take measures as regards a merger or takeover of European dimension on condition that those measures are to protect interests other than competition and are necessary and precautionate to protect interests which are compatible with all aspects of Community law (2 shots) 00:01:34
11:21:22 Cutaway 00:00:04
11:21:26 Jonathan Todd (in ENGLISH) saying that in this specific case the EC's initial assessment is that the conditions imposed by the CNE in April and July are in breach of the Treaty's rules on free movement of capital, freedom of establishment and on free movement of goods; the Spanish authorities have been given 30 days to react to the EC's preliminary assessment 00:00:35
11:22:01 Cutaways (2 shots) 00:00:08
11:22:09 Jonathan Todd (in ENGLISH) saying that there is a standing obligation on all Member States to respect Community law at all times; in the absence of respect for Community law, the Single Market and the rest of the EU would descend to chaos 00:00:14
11:22:23 Cutaway 00:00:05
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