Capitalism: Success, Crisis, and Reform : Lecture 22 - Guest Lecture by Paolo Zanonni, Part II| 54mins
Director: Open Yale Courses | Producer: Open Yale Courses
Focus Years: 2009 | Country: United States
Guest speaker Paolo Zanonni, partner at Goldman Sachs, explains a major deal in the European utilities market. Enel, a major European utility, attempted to totally transform its position by expanding into the Spanish market and acquiring the Spanish utility Endesa. The deal was exceedingly complex and involved multiple European governments, intense regional politics, and a handful of enormous utility companies. The transaction shows the important links between politics and free-market operations.