Oil & Gas

Failed Gas Natural bid leaves unfinished business

6 May 2003

Further attempts at consolidation in the Spanish utility sector look inevitable. To help the process, takeover rules need further improvement especially Spain s passivity rules.

Spanish regulator opposes Gas Natural bid

30 Apr 2003

The Energy Commission s recommendation is not binding. So Gas Natural s E25bn bid for Iberdrola is not quite dead, yet. But the report gives extra ammo to anyone opposing the deal which includes a large chunk of Gas Natural shareholders.

German utilities admit to overpaying in M&A splurge

14 Nov 2002

That s not so unusual for, say, tech companies. But at least their deals were done in stock. RWE and E.ON paid cash. Two more pieces of detritus revealed by the end of the boom. First RWE, now E.ON, have taken huge written downs on recent acquisitions.

German utilities admit to overpaying in M&A splurge

14 Nov 2002

Italian connection

3 Oct 2002

Brescian folly

9 Jul 2002

Pipe dreams

25 Jun 2002

Wham bam thank you Snam

16 Nov 2001

Nuclear shelter

27 Sep 2001

Asian preview

13 Sep 2001

For sale – maybe

3 Sep 2001