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Italian Utility Giant Enel Needs a €16 Billion Lifeli
Italian Utility Giant Enel Needs a €16 Billion Lifeli
Italian Utility Giant Enel Needs a €16 Billion Lifeline, As Its Derivatives Hedges Backfire
Enel is one of 70 energy companies in Italy that could end up needing a state-guaranteed credit line, as derivative hedges blow out. Which is likely to place even further pressure on the finances of Europe's most indebted large economy.
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