Electrica Muntenia Sud Sale To Enel To Be Completed May - Jun

Italian utility Enel SpA (EN) will fully take over regional power distributor Electrica Muntenia Sud in May or June the latest, an Electrica manager said Wednesday.The Romanian authorities agreed to sell the Romanian company to Enel in 2006 but finalization of the process has been postponed several times due to various technicalities.Enel agreed in 2006 to pay EUR820 million for a 67.5% stake in Electrica Muntenia Sud. The Italian company will pay EUR394.8 million for a 51% stake in ...

Developed by Codecraftsman