Enel could give up sale in Romania and Slovakia

Italian group Enel may not need to sell the units in Romania and Slovakia if it manages to raise enough funds to reduce its debt through other deals, even if it received some initial offers for this assets, Luca d’Agnese, head of Enel’s Eastern European operations, told The Wall Street Journal.

Enel put up for sale its power generation subsidiary in Slovakia and the electricity distribution and sale units in Romania this summer. The company hopes to get EUR 4.4 billion this year to reduce its debt loan.

According to Luca d’Agnese, the company had received “a few” nonbinding bids for its Romanian assets, including from Romania’s state-controlled companies Electrica and Nuclearelectrica.

Irina Popescu, irina.popescu@romania-insider.com

ri-logo

Want to be up to speed with what's happening in Romania? We'll send your first batch of news for the day directly to your inbox.

Subscribe to our mailing list