Enel Mulls Scrapping Argentina Exit in Big Bet on Milei
- Italian utility rethinks plans as Milei pushes major reforms
- Libertarian leader to travel to Rome, meet Meloni this month
Javier Milei
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Enel SpA is poised to scrap plans to sell off its remaining operations in Argentina, which would make it the first international company to shift strategy since Javier Milei took office promising to improve the South American nation’s business climate.
While it has yet to make a final decision, Italy’s largest state-controlled utility is now likely to keep power distributor Edesur after Milei pledged to liberalize the country’s energy market, according to people familiar with the matter.