Have Endessa gone bust?
Aug 18th 2011 | 8:52 pm
#1
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Posts: 828
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?
Aug 18th 2011 | 8:56 pm
#2
Retired and loving it!
Joined: Sep 2007
Posts: 5,212
From: Ontinyent - Valencia region (campo)
Aug 18th 2011 | 9:06 pm
#3
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From: Living in a good place
Re: Have Endessa gone bust?
I would think they are too big to go bust
Aug 18th 2011 | 9:35 pm
#4
Joined: Jun 2006
Posts: 11,231
From: Granada Costa
Re: Have Endessa gone bust?
Unlikely as they are Spain's biggest energy company and it's owned by an even bigger Italian company.
Aug 18th 2011 | 9:41 pm
#5
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From: Mallorca
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.
Aug 18th 2011 | 11:05 pm
#6
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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.
