Enel agrees to sell two Peruvian assets to China's CSGI for $2.9 billion

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MILAN : Italy's biggest utility Enel said on Friday it agreed to sell its equity stakes in two Peruvian assets for $2.9 billion to China Southern Power Grid International (CSGI).Enel launched an asset sale plan in November that would narrow its focus to six core countries and cut its debt. At the end of l

MILAN : Italy's biggest utility Enel said on Friday it agreed to sell its equity stakes in two Peruvian assets for $2.9 billion to China Southern Power Grid International .

The deal is expected to reduce in Enel's consolidated debt by around 3.1 billion euros this year, with a positive impact of around 500 million euros on reported net profit. No impact is seen on the group's ordinary economic results.

Source: Loan Digest (loandigest.net)

 

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