Enel expects offers for Romanian assets by the end of November

Newsroom 16/10/2014 | 11:58

Enel will remain open to offers for its Romanian and Slovakian assets until the end of November, according to Francesco Starace, general director of the group, quoted by Correre della Sera.

The process of selling Enel’s assets in Romania is in a slightly more advanced stage than in Slovakia, Starace also mentioned.

He said earlier this month that the State Grid Corporation of China had expressed an interest in the company’s Romanian distribution and generation assets. Nuclearelectrica also expressed interest.

Enel has committed to selling more than EUR 4 billion worth of assets this year to cut its debt and keep its investment-grade rating. The Italian group owns a third of Romania’s energy distribution network, according to wall-street.ro.

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