UES Loses Utility Bid in Slovakia
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BRATISLAVA, Slovakia -- Enel, Italy&#39;s biggest power company, put in the highest bid for the Slovak government&#39;s stake in Slovenske Elektrarne, the country&#39;s top power generator.
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The London Stock Exchange PLC has received and rejected a bid proposal from Germany&#39;s main stock exchange, Deutsche Boerse AG , the exchanges said Monday.
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The US stock exchange operator Nasdaq failed to win control of the London Stock Exchange after LSE shareholders decided overwhelmingly against backing a hostile takeover worth 2.9 billion pounds (4.4 billion euros, 5.5 billion dollars).
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The European Commission, in a blow to European online gaming companies, on Monday struck a deal for compensation from the United States over a U.S. decision to close its gambling markets to foreign operators.
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Slovakia's Finance Ministry fulfilled its ealier promise and fined Hungarian gas and oil company Mol Rt's local subsidiary Slovnaft for 1.3 billion korunas (Euro 33.5 million) for hiking its pump prices above ...
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LONDON  -- Nasdaq Stock Markets Inc.  suffered a resounding defeat in its 2.7 billion pound ( ($5.31 billion) bid for the London Stock Exchange  on Saturday, saying it had won just 0.41 pct of acceptances for its offer for Europe's largest share market.
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PRAGUE- The Czech Republic has not provided state aid in the sale of the state-owned stake in petrochemical group Unipetrol to Polish company PKN Orlen, the European Commission concluded, FinMin spokesman Marek ...
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The second biggest German energy company, RWE, has cancelled a proposed coal-powered electricity plant owing to EU plans to make companies pay for the right to pollute, a press report said Thursday.
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Iberdrola shares lost about 2 percent on  Tuesday after the Spanish power group said it would buy U.S.  Energy East Corp. for $4.5 billion and that the acquisition  would add to earnings from year one.
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Deutsche Boerse, the company which operates the Frankfurt stock exchange, said Monday it had offered to buy the London Stock Exchange for around two billion euros, but that the LSE had rejected that offer.
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Enel, an Italian utility, said it had bought a 10 percent stake in Endesa, the Spanish utility, for 4.1 billion euros ($5.4 billion), possibly breaking up an attempt by a German company, E.On, to buy Endesa. Enel, based in Rome, said it had acquired 9.99 percent of Endesa at 39 euros a share, above E.Onâs bid of 38.75 euros and Endesaâs closing price of 38.12 euros. E.On raised its offer for Endesa this month to 41 billion euros ($54.2 billion) and emerged as the leading bidder, ahead of Gas Natural of Spain. It has cleared a number of legal hurdles in a bidding war that has lasted more than a year. Analysts said another bidder, Acciona, also of Spain, might revive its interest in Endesa as a result of Enelâs action.
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The London Stock Exchange (LSE) has rejected a proposed offer for the company from Deutsche Boerse valued at 530 pence per share in cash.
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Story in full CENTRICA, the utility company that owns Scottish Gas, admitted today that it had lost 630,000 customers after increasing prices.
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Microsoft Corp. lost a European Union court appeal on Wednesday against sanctions imposed by EU regulators that will force it to change business practices and sell a stripped-down version of Windows.
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European stocks have steadied after sharp losses on Wall Street overnight, while utilities failed to spark even as Scottish Power accepted a multi-billion-dollar takeover bid by Spanish peer Iberdrola.
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ECONOMY Minister Pavol Rusko's desire to change the course of the country's nuclear programme struck its first obstacle, signalling that the EU is taking Slovakia's pre-accession commitments seriously.
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Romania's Trade Ministry said Czech's CEZ and Germany's E.ON had submitted binding bids for two regional power distributors Electrica Moldova and Electrica Oltenia.