|
20/10/2008 ENDESA, Enel and Acciona “a very profitable� business
Lately I have myself been deciding the operation and as in Expansion it came yesterday in cover that “Drives puts its branch of urban services for sale� has been happened to me to think that so the business will have left them.
First of all, to think that if is selling it is because they need money and why they will be asked, because to pay what they borrowed to buy ENDESA.
As this of the comparisons is odious, we are going to do one. That multiple stock-exchange it had ENDESA they bought when it to more of 40€ and as they now have the great ones of the sector right now:
 To day of today, they take a potential loss of 16€ by action, that stops the total of titles, put 16,940 Million Euro. In the case of It drives/Entrecanales that has a 25% of ENDESA suppose -4,235 MM€. Considering that the capitalization of Drives to 31/12/2008 it was of 13,781 MM€ to imagine since it has affected to them. It is only necessary to see the present capitalization of 4,620 MM€ to see the effect.
The multiples that thought to pay Natural Gas, but those were not bad that paid both… without commentaries that the politicians say. In addition now they are whereupon the favors that were going to receive by to have saved the company of the foreign invader are not going to be easy to receive because with the recession that approaches itself it is not going to have money to pay them. Â
|
