Enel Sells Argentina Plants to Central Puerto for $102 Million
- Move is part of Enel’s decision to focus on six markets
- Company also seeks to sell assets in Peru and Romania
Francesco Starace, chief executive officer and president of Enel Group, during a panel session on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 19, 2023.
Photographer: Stefan Wermuth/BloombergEnel Americas, a unit of Italy’s largest utility Enel SpA, sold its stake in two Argentina thermal generation plants to power generator and distributor Central Puerto, according to company filings.
Enel Argentina, owned by Santiago-based Enel Americas, sold nearly 76% of its stake in thermal power generator Enel Generacion Costanera to a unit of Central Puerto for $48 million, according to a filing. The same Central Puerto Unit, Proener, said it reached an agreement to pay $54 million to Enel Americas and Enel Argentina for stakes in Inversora Dock Sud and Central Dock Sud.