Enel ordered to pay EUR 401 mln to Romania in international arbitration case

Italian utility Enel has been ordered to pay over EUR 400 million for a minority stake in Electrica Muntenia Sud, the supplier and distributor of electricity that is split today in E-Distribute Muntenia and Enel Energie Muntenia, following a decision taken by the Arbitration Court in Paris, business-review.eu informs. The Romanian state had asked for EUR 550 million, but the Arbitration Court in Paris ruled out that Enel will pay EUR 401 million for ...

Developed by Codecraftsman