Enel Seeks to Raise $6 Billion in Power Asset Sale
Enel SpA (ENEL), Italy’s largest utility, is seeking to raise at least 4.4 billion euros ($6 billion) and cut debt by selling all its power assets in Slovakia and Romania.
Enel owns 66 percent of Slovakia’s largest utility, Slovenske Elektrarne AS, and in Romania it holds power distribution and retail assets, according to a statement yesterday. Slovenske is building two new reactors at the Mochovce nuclear plant, a 3.8 billion-euro project beset by delays and budget overruns.
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