MILAN, July 5 Enel has appointed
Deutsche Bank and BNP Paribas to advise on the sale of the
Italian power utility's controlling stake in the Slovakian
generating firm Slovenske Elektrarne, an Enel spokeswoman said
on Saturday, confirming a report in the Italian newspaper Il
Sole 24 Ore.
"We confirm the two banks have been mandated," she said.
The sale of Slovenske Elektrarne is part of plans by Enel,
Europe's most indebted utility, to sell 4.4 billion euros ($6
billion) of assets to cut net debt to around 37 billion euros by
A source close to the matter said last month that Enel had
received several expressions of interest for the stake. Bankers
say the whole company could be worth more than 3 billion euros.
Enel bought its 66 percent holding in Slovenske Elektrarne
in 2006 as part of the Slovak government's privatisation drive,
and has invested billions of euros to modernise its facilities.
($1 = 0.7331 Euros)
(Reporting by Stephen Jewkes, writing by Danilo Masoni; Editing
by Kevin Liffey)