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Red Electrica Corporacion SA ADR (RDEIY)

- OTCPK - Current
  • May. 1, 2012, 12:37 PM
    Bolivian President Evo Morales announces the nationalization of Spain's Red Electrica (RDEIF.PK), and orders the military to guard the company's installations. The energy giant is 20%-owned by the Spanish state, with foreign pension funds also big holders. This follows the seizure of Repsol's Argentinian subsidiary YPF last month.
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Company Description
Red Elctrica de Espaa, S.A., founded in 1985 in application of Law 49/1984 of 26 December, was the first company in the world exclusively dedicated to the transmission of electricity and the operation of electricity systems.
Sector: Utilities
Industry: Water Utilities
Country: Spain