Enel Expects Binding Offers for Assets in Romania, Slovakia at End-Nov

Italian power utility Enel is expecting to receive binding offers for its assets in Romania and Slovakia at the end of November, CEO Francesco Starace said.

The sale process of the electricity distribution operations in Romania started first and is in advanced stage. This transaction is easier and is going two or three weeks faster than the sale of the power generation activities in Slovakia.

Enel mandated two banks to work on the Slovakia sale and another two institutions to run the disposal in Romania. The sale process is delicate since the governments of the two countries are co-shareholders, Starace noted.

Source: SeeNews