MADRID, July 26 (Reuters) - Spanish utility Endesa <ELE.MC> is in the final stages of completing the purchase of 20 percent of the assets of Ireland's Electricity Supply Board, an Endesa spokesman said on Saturday.
Press reports last week said state-owned ESB had picked the Spanish company, owned by Spain's Acciona <ANA.MC> and Italy's Enel <ENEI.MI>, as preferred bidder in the 450 million euro ($707 million) sale of two power stations and other assets.
The purchase marks a return to Europe for Endesa after the company had to sell most of its European generating assets outside Spain and Portugal to Germany's E.ON <EONG.DE> as part of the deal under which Enel and Acciona bought Endesa and E.ON withdrew its bid.
(Reporting by Sonya Dowsett, editing by David Christian-Edwards) ($1=.6369 Euro) Keywords: ESB ENDESA/ tf.TFN-Europe_newsdesk@thomson.com ak COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
Press reports last week said state-owned ESB had picked the Spanish company, owned by Spain's Acciona <ANA.MC> and Italy's Enel <ENEI.MI>, as preferred bidder in the 450 million euro ($707 million) sale of two power stations and other assets.
The purchase marks a return to Europe for Endesa after the company had to sell most of its European generating assets outside Spain and Portugal to Germany's E.ON <EONG.DE> as part of the deal under which Enel and Acciona bought Endesa and E.ON withdrew its bid.
(Reporting by Sonya Dowsett, editing by David Christian-Edwards) ($1=.6369 Euro) Keywords: ESB ENDESA/ tf.TFN-Europe_newsdesk@thomson.com ak COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.