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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 2021 to Apr 2024
By Mauro Orru
Enel SpA has signed contracts to sell its entire stake in fiber-optics company Open Fiber SpA for 2.65 billion euros ($3.14 billion).
The Rome-based energy company said Thursday that it is selling a 40% stake to Macquarie Asset Management and the remaining 10% to CDP Equity SpA, the holding company of Italian state lender Cassa Depositi e Prestiti SpA.
Open Fiber was established in December 2015 to install, supply and operate optical fiber electronic communication networks across Italy. It was set up as a 50-50 joint venture between Enel and CDP Equity.
The transaction is expected to close in the last quarter of the year.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
August 05, 2021 02:09 ET (06:09 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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