The Growth Strategies of the European Electricity Firms after Liberalisation - The paper stresses how the recent directives of European Commission (aimed at liberalising the European electricity industry) affected the growth strategies of the main European electricity companies during the last 10 years. The most used strategies were diversification in other utilities markets (e.g. gas and telecommunications) and internationalisation (mainly via acquisitions of foreign electricity companies). These strategies were crucial in order to allow the transition of these companies towards the "multi- utility" business model.
Keywords: electricity industry, liberalisation, firm strategies, internationalisation, diversification, acquisitions
Parole chiave: industria elettrica, liberalizzazione, strategie d’impresa, internazionalizzazione, diversificazione, acquisizioni