Enel Sells Stake in EF Solare Italia Joint Venture to F2i
December 24 2018 - 1:02AM
Dow Jones News
By Anthony Shevlin
Enel SpA (ENEL.MI) said late Friday that it sold its 50% stake
in the joint venture EF Solare Italia SpA to existing partner F2i
SGR SpA, an Italian private-equity firm.
Enel said the equity consideration of the sale was 214 million
euros ($243.2 million) and is subject to adjustments in line with
standard practice for this type of transaction.
The company will now focus its resources in Italy on developing
and building greenfield projects.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com;
@anthony_shevlin
(END) Dow Jones Newswires
December 24, 2018 01:47 ET (06:47 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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