Enel Offers 3.1 Billion Euros of Stock to Repurchase Green UnitBy
Deal unwinds 2010 IPO of Enel Green for 2.26 billion euros
Renewables developer is considered `growth engine' by CEO
Enel SpA, Italy’s biggest utility, plans to issue 3.1 billion euros ($3.3 billion) of shares to repurchase the renewable energy developer it sold to the public in 2010, a step to integrate an business whose earnings are booming.
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