AMSTERDAM, March 11, 2011 /PRNewswire/ -- In the news release, "IEBV Publishes Annual Report 2010" issued on 11 Mar 2011 10:52 GMT, by International Endesa BV over PR Newswire, we are advised by a representative of the company that in the first sentence IEBV earned a "gross benefit" of 4,4 MM euros, and not a "net income" of 4,4 MM euros as originally issued inadvertently. Complete, corrected release follows:
International Endesa BV (IEBV) has published the annual report of 2010. During 2010, IEBV earned a gross benefit of 4,4 MM euros, due to its financial activities. The company performed the management and administration activities on its financial assets and liabilities, including ECP, MTN, private placement, intercompany loans and financial derivatives. The annual report of 2010 can be viewed and downloaded at the following:
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International Endesa B.V. ("the company") was incorporated on June 10, 1993 under the laws of the Netherlands. The principal activity of the company is to issue and manage notes and other financial instruments, and to lend the funds to its parent company and other affiliated companies.
SOURCE International Endesa BV