Kynes said:
eON offered more money, only that, but you should remember that Gas Natural wanted endesa at most at ~20€ share, and the final offer was over 45 euros share. It's something that any CEO would do, when some company tries to make an hostile takeover, it's your obligation to search for another company that wants to pay more. Endesa was a private held company, and the government tried to make Pizarro accept the Gas Natural offer, but he did what anyone would do, create value to the shareholders. I can remember you that the Italian company entered in the auction because the Spanish government didn't want a German company controlling Endesa. The l'estatut can say whatever it wants, as the other estatutos say, but if you add what all the estatutos say they deserve, we have a country that has to provide the regions more than 100% of the income. That's factually impossible, and Mas knows it. We had an incompetent government that made promises to all the regions, promises that are impossible to comply with, and now we have this irresolvable sudoku as Solbes (socialist economy minister) called it. When I talk about Madrid, I'm only repeating what the politicians there say, everything bad comes from Madrid, everything is Madrid's fault. |
The government tried to force the sellout to Gas Natural... right.
And what I said is that whatever has been agreeded to and signed has to be respected. If you agree to pay certain services then you have to pay them, otherwise you are violating the law.
Anyway, if someone who is not from Spain is following the discussions that we are having here, they will realize how bad the situation is. We don't see the same thing in the same way. That's the problem, and I'm affraid that there is no solution for that.
Please excuse my bad English.
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