Enel Plans to Sell Spanish Natural Gas Assets by September, CEO Conti Says
The company has “several bidders” interested in its Spanish assets, Conti said in an interview in Cernobbio, Italy today. He also said Enel will sell its stake in Bulgaria’s Maritsa East Three coal-fired power plant “in the fall.”
Enel is selling assets to help reduce debt by 45 billion euros ($58 billion) in 2010. The Rome-based company said in May it planned to sell 7 billion euros of assets including a stake in its Green Power unit by the end of October.
Conti said Aug. 23 he plans to make “at least” 3 billion euros from the disposal of Green Power. He declined to give a value for the sales in Spain and Bulgaria today.