Endesa signs agreement with Masorange to purchase energy marketing company Energía Colectiva

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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.