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Enel Weighs $5 Billion Peru Operations Sale to Cut Debt

  • Italian utility exploring asset sales outside home market
  • Enel has cut 2022 profit target in wake of energy crisis
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Enel SpA is weighing a sale of its operations in Peru as it seeks ways to cut debt and fund new investments, according to people familiar with the matter.

Italy’s largest utility is working with advisers on the potential disposal, which could be valued at about $5 billion, the people said. The asset has drawn preliminary interest from strategic suitors and investment funds, one of the people said.