Enel Offers 3.1 Billion Euros of Stock to Repurchase Green Unit

Updated on
  • 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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.