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MADRID, Spain (AP) - Spain's prime minister said Wednesday his administration doesn't plan to veto the bid by German utility E.On for Spanish electric company Endesa by using the government's so-called "golden share" in the former state-owned company.
Prime Minister Jose Luis Rodriguez Zapatero told reporters at the Senate that the government will respect market rules, but will also seek to protect Spain's national interest.
"Markets are very important but for this government the citizens are more important," said Zapatero, who told the head of E.On AG in a meeting Tuesday that he is strongly opposed to its 29.1 billion euro ($34.72 billion) offer for Endesa.
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