Montedison agrees to Fiat/EDF takeover bid

Italian energy conglomerate Montedison accepted a takeover bid by carmaker Fiat and state-owned Electricité de France. The new deal ends a long battle for control of Italy's second-largest power company. The takeover still faces an investigation by the EU's antitrust regulators.

Italian energy conglomerate Montedison accepted a takeover bid by carmaker Fiat and state-owned Electricité de France. The new deal ends a long battle for control of Italy’s second-largest power company. The takeover still faces an investigation by the EU’s antitrust regulators.