EDF would get a politically palatable few % of the Spanish electricity market. I had not heard about the nuclear assets, and I suppose that this could be interpreted politically in different ways: (i) as a foreign country taking over a sensitive sector (unacceptable), or (ii) as a strong operator helping the country keep its expertise in a vital technology (positive, espeically if there are quid pro quos with access to French markets or to EDF/Areva competence for Spain in the package).

I understand that Scottish power would be split between the (smaller) renewable bit going to ACS/Union Fenosa, and the traditional power generation going to EDF.

In the long run, we're all dead. John Maynard Keynes