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Endesa

Spanish company
Also known as: Empresa Nacional de Electricidad SA
Written and fact-checked byThe Editors of Encyclopaedia Britannica
The Editors of Encyclopaedia Britannica
Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. They write new content and verify and edit content received from contributors.
Updated:
Table of Contents
acronym of:
Empresa Nacional de Electricidad SA
Date:
1944 - present
Ticker:
ENLAY
Share price:
$6.18 (mkt close, Apr. 12, 2024)
Market cap:
$62.83 bil.
Earnings per share (prev. year):
$0.3
Sector:
Energy & Transportation
Industry:
ELECTRIC SERVICES
CEO:
Francesco Starace
Headquarters:
Madrid

Endesa, Spanish energy company that is one of the largest private conglomerates in the world. Headquarters are in Madrid.

Endesa’s activities are aimed at generating, transporting, distributing, and selling electrical energy and related services. The company was founded by the Spanish government in 1944, and in 1945 the Compostilla power station was built in the town of Ponferrada in northwestern Spain. In 1988 the Spanish government began reducing its stake in the company, a process that ended in 1998 with full privatization of the company. In July 1999 the process of corporate restructuring was completed, and company shares were traded for the first time on the Spanish stock exchanges as well as in New York. Endesa is the main energy company in Spain and has a significant presence elsewhere in Europe; it also operates in several Latin American countries.

In 2007 Endesa was jointly acquired by the Spanish conglomerate Acciona and the Italian energy company Enel. Two years later Enel purchased Acciona’s stake, thereby taking full control of Endesa.

The Editors of Encyclopaedia BritannicaThis article was most recently revised and updated by Jeannette L. Nolen.