ENEL and its subsidiaries are involved in the generation, distribution and sale of electricity, providing the majority of the electric service in Italy. Gas distribution and sale, fuel trading, engineering and contracting represent the other principal activities of Co. International operations... More
Thursday, Jun 203:47 PMGazprom (OGZPY.PK) is set to acquire its first power plant in Western Europe, striking a provisional agreement with Italy's Enel (ENLAY.PK) to buy the 405 MW Marcinelle power plant in Belgium, valued by Enel at ~$265M. The deal fulfills Gazprom's long-held ambition to deepen its presence in its largest market even as it turns its focus to supplying energy-hungry Asian consumers. |Thursday, Jun 203:47 PM| Comment!
Tuesday, Oct 182011, 12:25 PMItalian utility Enel (ENLAY.PK) sells €1.25B of 4 year paper at a lower yield than the government pays for an equivalent maturity. The bonds were priced to yield 4.625% vs 5.20% for the state. The company also sold €1B in 7 year debt at 5.75%, about the same as the government pays. |Tuesday, Oct 182011, 12:25 PM| Comment!