Printer Friendly

Eutilia Grants the Setup and Operation of Its European Utilities' B2B Portal.

Business Editors

NEW YORK--(BUSINESS WIRE)--Feb. 13, 2001

Endesa (NYSE:ELE)--
- is 63% owned by Endesa through Endesa NetFactory, 15% by Enersis,
12% by PriceWaterhouse Coopers and 10% by Commerce One.

- Eutilia, set up by eleven European leading utilities, will be operational in
the spring and will focus its activities in an e-business initiative for

- During Eutilia's launch phase, will provide operations and
hosting services.

- Eutilia's annual potential volume is over Euro 30 billion. (, the B2B portal owned by Endesa, SA through its subsidiary, Endesa NetFactory, has been chosen by Eutilia's 11 founding partners to carry out its launching, service transactions and hosting.

This contract places in a leading position in the B2B markets. Eutilia's annual transaction volume could reach Euro 30 billion.

Mr. Julio Lopez Castano, development manager of, states that "this represents the largest B2B project among the European e-business initiatives and recognises not only's pioneering efforts, but also the most solid B2B project in Europe and Latin America at present".

Eutilia's choice of implies a bet on Commerce One's applications and technology distributed by

By contracting Eutilia's operations, consolidates itself as a provider of services to other virtual communities, including, a vertical portal for the construction companies led by OHL and Dragados.

Since its start-up in April 2000, apart from catalogue-based transactions, has carried out over 150 web-based auctions. Between May and December 2000, the platform has managed a total transaction volume of close to Pta. 100 billion (Euro 600 million) with over 100 different companies in several sectors and geographical areas.

In addition, the company continues to focus on providing value-added services to the companies involved in this electronic marketplace, with, among others, La Caixa, Coface, Citibank and Banesto in the financial services; with Logista and Danzas in the logistic services; with Europa Press Maninvest in the provision of content; with Coface and Equifax in commercial information and with Via Plus to create the opciona shop. is 63% owned by Endesa, through its 100% affiliate Endesa Net Factory, 15% by Enersis, 12% by PriceWaterhouse Coopers and 10% by Commerce One.

For additional information, please contact Jacinto Pariente, North America Investor Relations, 212.750.7200
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Feb 13, 2001
Previous Article:International Wire Group Announces Realignment of Production Facilities.
Next Article:Legato Names New Vice President of Worldwide Marketing; Industry Veteran to Head International Marketing Teams.

Related Articles
ProcureNet Joint Venture Partners with Singapore's Leading Gas and Electricity Provider to Deliver Advanced eProcurement Services.
ScottishPower Announces Formation of a Utility Business to Business Trade Exchange. A leading B2B service for the Mexican agricultureal industry.
Endesa Netfactory Launches, the First Internet Portal in Spain With the Widest Offer of Home Related Services and Products.
Eleven Leading European Utilities Set Up Eutilia, Europe's First Electricity Portal.
Eutilia Carries Out Its First On-line Auction for Electricite de France With a Total Value of Euro 14 Million.
An Empirical Study on Internet-based Business-to-Business E-commerce in Singapore.
Opciona Consolidates Its Position as One of Europe's Largest B2B Service Providers.
Fidelity has property tax solution.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters