The Government of Cristina Fernández de Kirchner gives in to Endesa. He has asked Borja Prado not to leave Argentina. He has offered him an increase in rates that had been frozen for ten years. The president has realized that no service company would be willing to take on a losing business. The Government has alerted Telefónica and Endesa that Argentina is applying the same movements with them that led to the expropriation of Repsol YPF: it began with fines for failures in the service Endesa's situation in Argentina is unsustainable: it has been in losses for several years. Borja Prado has met with Kirchner to demand an urgent increase in rates in the country Limit situation of Endesa in Argentina. Borja Prado threatens to leave the country and 'plant' Cristina Kirchner: the rate freeze is suffocating the electricity company's subsidiary Endesa is going to be reduced to a mere subsidiary of Enel: all decisions will be made by Italy. Borja Prado will continue with the company as long as it is listed on the Stock Market As reported in these pages, Endesa had been demanding for some time from the Government of Cristina Fernández de Kirchner an immediate increase in rates in the country, which have been frozen for a decade .
The president of the electricity company, Borja Prado , and the CEO, Andrea Brentan, have held several meetings in recent months in Buenos Aires with the Argentine president 's team to bring closer positions on this point. Increase in rates But, until now, Endesa had not received any concrete proposal to solve the problem of electricity Middle East Mobile Number Listdistribution in Argentina , which even led the company this summer to firmly consider leaving the country . Well then. As El Confidencial Digital has learned from sources close to Endesa, the Kirchner Government is already taking important regulatory steps in the distribution market in the country, which point to increasing rates to adjust them to costs. It is the main request that the company chaired by Borja Prado has been insistently demanding for months from Kirchner's team in the face of the suffocating economic situation to which its subsidiary was subjected, to the point of almost not being able to continue investing if there was not an increase in the rates that will compensate for these investments .
There is no substitute for Endesa According to the sources consulted, one of the most important aspects that has caused Argentina to back down with Endesa is that no service company was willing to take on a losing business . This fact has led the country's authorities to avoid, in any case, the departure of the Spanish electricity company. Some red numbers that Cristina Kirchner's own trusted team has verified 'in situ' after the intervention of Edesur , the Argentine subsidiary of Endesa, where they have been able to examine its accounts in detail.The only possible modulation that Bankia has is to try to get the buyers to sign a job maintenance clause in the sale of its non-strategic businesses. Outside of that, it cannot do anything. And they are going to have a very difficult time with the unions, who are going to demand extra money for generous layoffs.
Then appear the taxes whose management corresponds to the State but which transfers a certain percentage of the collection to the autonomies . And there a greater transfer to Catalonia could be applied.
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