Despite the global trend towards the liberalization of electricity have to Enel, the largest power company in Italy to give up some of their assets in their home base, he also opened a lot of opportunities abroad, including in Russia, one of the largest electricity markets in the world. The case sets out a strategy of internationalization Enel, and then focus on one part of the strategic puzzle company's global expansion: the acquisition of a major power-generation assets in the process of disintegration of RAO UES, the Russian electricity monopoly. The case highlights the decision-making process for managers in the context of possible political risks for foreign investment in strategic sectors of the Russian and economic risks for investments in the yet-to-be formed and unregulated liberalization of the electricity market in Russia. "Hide
by Ravi Abdelal, Richard HK Vietor, Soghomon Tarontsi Source: Harvard Business School 35 pages. Publication Date: May 22, 2009. Prod. #: 709046-PDF-ENG