Link Securities | Endesa (ELE), Spain’s largest electricity company in terms of power distribution lines, has signed an agreement with Masorange to purchase its energy marketing company, Energía Colectiva, according to a report in Wednesday’s edition of the newspaper Expansión.
The value of the transaction has been estimated at €90 million. Energía Colectiva has 350,000 electricity and gas customers. The transaction is part of a broader agreement that includes the marketing of services, which, according to Endesa, could result in offers that will benefit one million customers.
