Have Endessa gone bust?
#1
BE Enthusiast
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Joined: Mar 2006
Posts: 827
Have Endessa gone bust?
Heard yesterday that Endessa have gone bankrupt and that their shops are closing down.
Anyone confirm or deny this?
Anyone confirm or deny this?
#3
Banned
Joined: Dec 2006
Location: Living in a good place
Posts: 8,824
Re: Have Endessa gone bust?
I would think they are too big to go bust
#4
Re: Have Endessa gone bust?
Unlikely as they are Spain's biggest energy company and it's owned by an even bigger Italian company.
#5
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Joined: Feb 2011
Location: Mallorca
Posts: 19,367
Re: Have Endessa gone bust?
In addition to the billions they make on their high-priced electricity, they profit another billion or so by blatantly overcharging their customers for it, So no, I doubt they're bankrupt... in fact, they're likely swimming in cash.
But then again, maybe they've squandered all those billions away somewhere so that they can claim bankruptcy and get a bailout of a few more billion... I wouldn't put it past them.
But then again, maybe they've squandered all those billions away somewhere so that they can claim bankruptcy and get a bailout of a few more billion... I wouldn't put it past them.
#6
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Joined: Mar 2006
Posts: 827
Re: Have Endessa gone bust?
Thanks for the info.
I shall pass it on to my source.
I shall pass it on to my source.