Enel Weighs Asset Sales Outside Italy to Cut €70 Billion Debt
- Italy largest utility may sell assets in Europe, Latin America
- Enel also seeking credit line to cover energy derivative risks
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Enel SpA is considering further asset sales outside Italy to reduce its debt pile and finance new investments, according to people familiar with the matter.
Italy’s largest utility, which cut its profit target for 2022 in the wake of the energy crisis, will unveil its new strategy later this month. Tha plan may include selling partnerships in stakes in countries such as Romania, Greece, Australia and Colombia, the people said, asking not to be named because the discussion isn’t public.