ENEL is a very large Italian  energy company, which used to be the state electricity monopoly. It was fully state-owned until November 1999, when 34.5% of the shares were sold. The Italian government retains 31.2% of the shares, 21.1% directly and 10.1% through the state-run lender, Cassa Depositi e Prestiti.

In October 2007, ENEL and Acciona, a Spanish engineering company, completed the takeover of Endesa, Spain’s largest utility. ENEL (67%) and Acciona (25%) hold 92% of Endesa’s shares.The acquisition of Endesa puts ENEL on a comparable scale to the other four large internationally-based energy companies.

 ENEL’s holdings in Europe, apart from Endesa, are relatively small and dispersed with generation assets in France and Bulgaria. In 2005, it took over 66% of the largest Slovak generation company Slovenské Elektrárne (SE), with 6GW of plant. In Romania, it controls (51 per cent) of Electrica Banat and Electrica Dobrogea, electricity distributors with 1.4 m customers. ENEL also has major holdings in Russia.

Year end Currency Employee cost Number of employees Profit Profit per employee ROCE (percent) Revenue (in millions) Revenue in euros (millions) Revenue per employee
2010-12-31 EUR 61 79913 4390 101 9.40% 73377 73377 918
2009-12-31 EUR 59 83418 5395 109 10.55% 64035 64035 768

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