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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Enel Spa | BIT:ENEL | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.07 | 1.16% | 6.13 | 6.081 | 6.14 | 6.136 | 6.061 | 6.108 | 28,874,887 | 17:00:00 |
From Apr 2019 to Apr 2024
By Alberto Delclaux
Enel SpA (ENEL.MI) has agreed to sell 540 megawatts of renewable capacity in Brazil to China's CGN Energy International Holdings Co. for about 700 million euros ($798.1 million), the company said late Wednesday.
The assets include two solar plants and one wind farm in north-east Brazil, it said. Enel will remain in charge of operations and maintenance activities.
The Italian energy company said it aims to free up resources with the transaction to further develop renewable projects in Brazil.
"With the sale of these assets we are capturing value for further growth in Brazil, where we are implementing a large pipeline of renewable projects," said Antonio Cammisecra, head of Enel Green Power.
The sale is expected to close by the end of the first quarter.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
January 17, 2019 01:32 ET (06:32 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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