ESPAÑA: Endesa battle claims first scalp as Conthe resigns

The president of Spain’s stock exchange watchdog said on Monday he will resign shortly in a surprise move thought to be linked to the takeover bid for Endesa.

Manuel Conthe, president of the National Stock Exchange Commission (CNMV) announced his decision after the watchdog went against his recommendation over the takeover saga for Spain’s biggest power company.

He recommended the Italian utility Enel SpA and the Spanish building company Acciona should be fined for alleged irregularities which they are alleged to have committed which contravened laws governing takeovers. ... more

read more | digg story