ROME Feb 21 Italian utility giant Enel SpA
(ENEI.MI) has agreed to acquire Acciona's (ANA.MC) 25 percent
stake in power utility Endesa (ELE.MC) in a deal worth 11.1
In a statement released early on Saturday, Enel said the
deal envisioned Acciona getting 2.9 billion euros worth of wind
and hydro assets from Endesa.
Acciona also stood to get 1.5 billion euros in dividends
from Endesa, while Enel would get 4.2 billion euros, it said.
Enel, which will end up with 92.06 percent of Endesa, said
it had negotiated 8 billion euros of financing for the deal from
a group of banks.
(Reporting by Paolo Biondi)