Mancino, Fabrizio Maria (A.A. 2020/2021) External growth strategy: the transaction between Enel and Endesa: did post acquisition synergies create value? Tesi di Laurea in Corporate strategy, Luiss Guido Carli, relatore Luigi Ferraris, pp. 133. [Master's Degree Thesis]

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Abstract/Index

External growth strategies: merger & acquisitions: how they can create value. The M&A activity model. Purposes for M&A. M&A pre-merger planning. M&A post-merger integration. The deregulation process of energy market in Europe: how Enel enforce its strategy. The liberalization of energy industry in Europe and Italy. Regulatory changes: Bersani's decree (dl n. 79/1999). The privatization process of Enel. The internationalisation strategy. The acquisition Enel-Endesa: features and rationale. Enel's ndustrial plan strategy and transaction's introduction. The tender offer of Enel-Acciona. Financing of the acquisition. Enel's synergistic AIM. The post-acquisition synergise implementation: how it affects Enel's multiples and consolidated financial statement. Introduction of the method of multiples: EV/EBITDA and P/E. The impact of the acquisition on the multiples of Enel. The impact of the acquisition on the consolidated financial statements of Enel and Endesa. The impact of a change in the initial approach.

References

Bibliografia e sitografia: pp. 110-117.

Thesis Type:	Master's Degree Thesis
Institution:	Luiss Guido Carli
Degree Program:	Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77)
Chair:	Corporate strategy
Thesis Supervisor:	Ferraris, Luigi
Thesis Co-Supervisor:	Capasso, Arturo
Academic Year:	2020/2021
Session:	Autumn
Deposited by:	Alessandro Perfetti
Date Deposited:	24 May 2022 13:53
Last Modified:	24 May 2022 13:53
URI:	https://tesi.luiss.it/id/eprint/32467

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