Following the recent EU ruling regarding the illegitimacy of conditions imposed by the Spanish Energy Commission (CNE) over its proposed acquisition of Endesa, E.On has submitted an offer document for final approval with the Spanish stock market regulator the CNMV.

The move underlines E.On’s desire for shareholders to decide as soon as possible on its bid following its decision to increase its offer to €35 per share, a 38%increase on its original offer.

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