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July 28, 2015 5:03 AM ET

Electric Utilities

Company Overview of Enel Energie Muntenia S.A.

Company Overview

Enel Energie Muntenia S.A. distributes electricity. It supplies electric power to to the Muntenia Sud area. Enel Energie Muntenia S.A. was formerly known as Electrica Muntenia Sud SA. The company was incorporated in 2008 and is based in Bucharest, Romania. Enel Energie Muntenia S.A. operates as a subsidiary of Enel Investment Holding B.V.

Bdul Ion Mihalache, nr. 41-43

Corp A

Sector 1

Bucharest,  011172

Romania

Founded in 2008

Phone:

40 31 423 1001

Fax:

40 31 423 1049

Key Executives for Enel Energie Muntenia S.A.

Enel Energie Muntenia S.A. does not have any Key Executives recorded.

Enel Energie Muntenia S.A. Key Developments

Enel Puts On Hold Planned Sale Of Assets In Romania

Enel SpA (BIT:ENEL) has put on hold planned sale of assets in Romania. Enel said on February 19, 2015 that it has put on hold the planned sale of assets in Romania after reaching its target for debt reduction at the end of 2014. "Enel confirms that the disposal process for its assets in Romania has been temporarily suspended," Enel's spokesman told SeeNews. Enel has earlier planned sae in Romania including 64.4% stake in Enel Distributie Muntenia S.A. and Enel Energie Muntenia SA, the 51% stake in SC Enel Distributie Banat SA, SC Enel Distributie Dobrogea SA and Enel Energie SA, as well as the 100% interest in Enel Romania Srl. “The company's board will therefore decide on plans for any further progress of the programme in the context of the new strategic plan, and a further update will be given in March, “the spokesman added

Enel To Start Negotiations For Divestment Of Its Romanian Assets

Enel SpA (BIT:ENEL) will start discussions for divestment of its Romanian assets. Francesco Starace, Chief Executive Officer of Enel SpA, said that Enel will move ahead with discussions regarding the sale of its Romanian assets. Starace said that it was reasonable to continue with talks considering the offers presented to the company. As part of the divestment programme, Enel intends to dispose of its 64.4% interest in Enel Distributie Muntenia S.A. and Enel Energie Muntenia SA, its 51% stake in SC Enel Distributie Banat SA, SC Enel Distributie Dobrogea SA and Enel Energie SA and the whole of Enel Romania Srl.

Sale Of Enel Holdings In Slovakia And Romania Begins

The sale process of holdings of Enel SpA (BIT:ENEL) in Slovakia and Romania has begun. The Board of Directors of Enel, on July 10, 2014, examined developments in the sale programme being implemented to strengthen Enel’s financial structure, as provided for in the 2014-2018 business plan. The Chief Executive Officer informed the Board that, as part of that programme, possible sales by the Enel Group would include its generation assets in Slovakia and its distribution and sales assets in Romania. The holdings involved in the sale programme include the 66% stake in Slovenské Elektrárne A.S. In Romania, the sale would involve the 64.4% stake in Enel Distributie Muntenia S.A. and Enel Energie Muntenia SA, the 51% stake in SC Enel Distributie Banat SA, SC Enel Distributie Dobrogea SA and Enel Energie SA, as well as the 100% interest in Enel Romania Srl. Enel has appointed the financial advisors BNP Paribas SA (ENXTPA:BNP) and Deutsche Bank AG (DB:DBK) for the Slovakian assets and Citigroup Inc. (NYSE:C) and UniCredit S.p.A. (BIT:UCG) for the Romanian assets, and legal counsel that will be providing support for the operation. Additionally, the Enel Group will duly provide relevant information on the aforementioned sale processes to Governments and authorities in charge of the respective countries. The Board of Directors reserved to examine and assess offers from potential buyers in the coming months as part of the sale process for the companies held by the Enel Group in Slovakia and Romania. The sale of the holdings in Slovakia and Romania are part of a broader €6 billion programme of asset sale begun in 2013, aimed at reducing the Enel Group's financial debt.

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