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Enel SpA (ENEI.MI)

ENEI.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Enel spends 400 mln euros to buy 13.6 pct of Romanian units
Monday, 10 Apr 2017 06:18am EDT 

Italian utility Enel says: it has finalised the acquisition of a further 13.6 percent of Romanian subsidiaries E-distributie Muntenia and Enel Energie Muntenia for 400 million euros Further company coverage: [ENEI.MI] (Reporting by Milan newsroom).  Full Article

Enel to invest $40 mln in new solar plant in Zambia
Tuesday, 4 Apr 2017 06:17am EDT 

Italy's biggest utility Enel says: Signed a 25-year power purchase agreement with Zambia's state-owned utility Zesco, through its unit Enel Green Power . Will be investing around $40 million in the construction of the new Ngonye solar plant, which is expected to generate around 70 GWh per year . Ngonye, located in southern Zambia, will be owned by a special purpose vehicle in which Enel Green Power will hold an 80 percent stake and state-owned Industrial Development Corporation (IDC) the remaining 20 percent Further company coverage: [ENEI.MI] (Reporting by Milan newsroom).  Full Article

Enel starts construction of biggest solar plant in Americas
Wednesday, 29 Mar 2017 11:46am EDT 

Italy's biggest utility Enel says: Has started construction works at its 754 MW Villanueva photovoltaic plant, through its Mexican renewable subsidiary Enel Green Power Mexico . Plant is the largest photovoltaic facility under construction in the Americas and Enel's largest solar project worldwide . Group will be investing around $650 million in the construction of the Villanueva plant as part of investments outlined in strategic plan . Project is being financed through group's own resources. Further company coverage: [ENEI.MI] (Reporting by Milan newsroom).  Full Article

Enel shares down 1.2 pct after full-year results
Friday, 17 Mar 2017 04:09am EDT 

Italy's biggest utility Enel: shares in the company fall 1.2 percent in early trade after full-year results came in line with expectations . the group raised its dividend on Friday and confirmed targets for the year after posting a 12.3 percent rise in net profits for 2016.[nI6N1GT000] Further company coverage: [ENEI.MI] (Reporting by Milan newsroom).  Full Article

Enel CEO sees M&A opportunities in Europe after French, German elections
Friday, 17 Mar 2017 03:40am EDT 

Enel CEO Francesco Starace says: sees potential merger and acquisition (M&A) opportunities in Europe after the French and German elections . does not expect an impact on the growth of renewable energy business in the U.S. over the next 2-3 years after Trump's appointment as PresidentFurther company coverage: [ENEI.MI] (Reporting by Milan newsroom).  Full Article

Enel Russia FY 2016 net result turns to profit of RUB 4.39 bln
Thursday, 16 Mar 2017 08:00am EDT 

Enel Russia : FY 2016 net profit 4.39 billion roubles ($75.73 million) versus loss of 48.6 billion roubles year ago . FY 2016 revenue 72.21 billion roubles versus 70.99 billion roubles year ago . FY 2016 EBITDA 13.91 billion roubles versus 10.82 billion roubles year ago .Says net debt at the end of 2016 of 20.35 billion roubles, down 17.1 percent compared to end of 2015.  Full Article

Endesa chairman says hasn't met any investors for sale of group
Wednesday, 8 Mar 2017 09:30am EST 

Borja Prado, chairman of Enel's Spanish unit Endesa, says in an emailed comment: Never met with any investment funds nor their advisers over a possible sale of the group . Spanish paper El Confidencial reported on Wednesday that CVC, Blackstone and KKR were interested in acquiring Enel's stake in Endesa, valued at 15 billion euros. [nL5N1GL1OT] Further company coverage: [ENEI.MI] [ELE.MC] (Reporting by Milan newsroom).  Full Article

Enel Russia 2016 net power output 41,062 GWh, down 2.4% YR/YR
Friday, 27 Jan 2017 04:14am EST 

Enel Russia : 2016 net power output 41,062 GWh versus 42,090 GWh year ago . 2016 power sales 47,325 GWh versus 48,365 GWh year ago . 2016 heat sales 5.581 million Gcal versus 5.622 million Gcal year ago Further company coverage: [ENRU.MM] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Enel signs agreement with Saudi Electricity Company on power distribution
Wednesday, 11 Jan 2017 06:15am EST 

Italy's biggest utility Enel says: signs framework agreement with Saudi Electricity Company (SEC) to cooperate in power distribution sector . two companies will share strategic knowledge on latest network technologies . agreement will introduce roadmap aimed at digitizing distribution grids and improving energy efficiency . Enel and SEC will evaluate further areas of cooperation in the power distribution sector Further company coverage: [ENEI.MI] (Reporting by Milan newsroom).  Full Article

Enel still in talks with F2i on option to buy stake in broadband
Tuesday, 20 Dec 2016 11:34am EST 

Italy's biggest utility Enel says: ultrafast broadband company OpEn Fiber completes acquisition from F2i infrastructure fund of broadband company Metroweb for about 714 million euros .talks with F2i to exercise an option to buy back a stake in OpEn Fiber continue.  Full Article

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Telecom Italia teams up with utility A2A on broadband rollout -sources

MILAN, April 13 Telecom Italia has signed an agreement with Italy's biggest regional utility A2A to help it roll out its ultrafast broadband network, two sources said on Thursday, as it squares up to rival Enel .