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Endesa 2.0

5 November 2014 By Fiona Maharg-Bravo

Up to 22 pct of the Spanish utility is being sold by Italy’s Enel. Disposals have left Endesa a pure-play Iberian utility with stable cashflow. A good dividend should help buck weak demand for Spanish issuance. And lowly geared Endesa could afford to be even more generous.

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