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Enel SpA (ENEI.MI)

ENEI.MI on Milan Stock Exchange

21 Oct 2016
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Latest Key Developments (Source: Significant Developments)

Inter RAO is not in talks to buy coal station from Enel Russia
Friday, 10 Jun 2016 04:26am EDT 

:. Inter RAO doesn't hold negotiations to buy Reftinskaya GRES from Enel Russia , company head Boris Kovalchuk said at a shareholders meeting .."We are not in negotiations regarding purchase of Reftinskaya GRES", Kovalchuk said .. Italian Enel plans to sell Reftinskaya GRES owned by its Russian unit and said it has received one non-binding offer [nL8N18T358] ..Inter RAO earlier said it was interested in the station, interest was also expressed by Gazprom energoholding.  Full Article

Enel starts exclusive talks to merge broadband unit with Metroweb
Thursday, 9 Jun 2016 12:09pm EDT 

Italian utility Enel says: board acknowledges start of exclusive talks with owners of fibre optic group Metroweb for a merger of Metroweb with the utility's broadband infrastructure unit Enel Open Fiber . the exclusive talks period ends July 3 .the offer assigns an enterprise value to Metroweb of 814 million euros.  Full Article

Marubeni and Enel Group have agreed to jointly develop power plants in Asia - Nikkei
Monday, 23 May 2016 01:53pm EDT 

Nikkei: Marubeni and Italian Energy Producer Enel Group have agreed to jointly develop power plants in Asia - Nikkei . Marubeni and Enel Group plan to construct and operate fossil fuel and geothermal plants primarily in indonesia - Nikkei . Marubeni and Enel Group signed a memorandum of understanding and aim to win two orders by 2018 - Nikkei .Marubeni may be able to increase business participation in South America and Africa - Nikkei.  Full Article

Enel working on Metroweb acquisition - chairwoman
Thursday, 12 May 2016 04:51am EDT 

Enel chairwoman Patrizia Grieco says: there is a possibility the group could buy fibre-optic company Metroweb . "we are working on this" Further company coverage: [ENEI.MI] (Reporting by Milan newsroom).  Full Article

Enel CFO says Metroweb acquisition could speed up broadband plans
Tuesday, 10 May 2016 04:33am EDT 

Enel CFO Alberto De Paoli says on a conference call: an acquisition of fibre-optic firm Metroweb could held speed up Enel's broadband plans . if acquisition not possible, Enel will proceed on a standalone basis Further company coverage: [ENEI.MI] (Reporting by Milan newsroom).  Full Article

Enel confirms 2016 targets - slide
Tuesday, 10 May 2016 01:01am EDT 

Enel says in slides on Q1 results: 2016 financial targets confirmed Further company coverage: [ENEI.MI] (Reporting by Milan newsroom).  Full Article

Enersis SA - Enel SpA's Latin American arm cuts jobs in tough market - Reuters News
Friday, 22 Apr 2016 02:44am EDT 

Enel SpA:Enersis Americas SA, Italian utility Enel's Latin American arm, said it was laying off workers as part of an efficiency drive against the backdrop of a difficult energy market - RTRS.Indebted Enel has been shifting its attention to its more profitable Latin American assets in recent years, packing the local firms with its own executives and carrying out a restructuring, a process that is ongoing and been plagued with local disputes."In the current energy market context, and in line with the plan presented to the market, it has been necessary to begin a rigorous process of looking for efficiencies, which includes, among other things, personnel reduction," Enersis said in a statement on Thursday.The company did not give exact numbers, but a source with knowledge of the process said about 160 people, all based in Chile, would lose their jobs.  Full Article

Enel SpA - Italy's antitrust watchdog opens probe into Enel's smart meters - Reuters
Thursday, 10 Dec 2015 08:45am EST 

Enel SpA:Italy's competition watchdog has launched an investigation into Enel ENEI.MI for alleged abuse of a dominant market position, potentially casting a shadow over the power utility's efforts to help the government roll out a domestic fiber-optic network. - RTRS.In a statement posted on its website on Thursday, the authority said it was investigating whether Enel, Italy's biggest power utility, was hampering fair competition in the smart metering business, which measures electricity consumption. - RTRS."The case concerns the hypothesis of an abuse of a dominant position by Enel ... hampering in various ways the operation of a competing company in this sector and threatening the competitive development of those innovative services," it added. - RTRS.Police and the authority also searched the offices of Enel's distribution unit, the parent company and other associated companies on Thursday, the watchdog said, adding it expected to conclude the investigation by the end of next year. - RTRS.The probe follows a complaint by Rome-based telecommunications group Acotel ACO.MI. - RTRS.Enel said it was fully collaborating with the authorities and had "always acted in accordance with the regulatory framework in force and had never posed any obstacle to the full and legitimate exercise of competition". - RTRS.  Full Article

Enel SpA sees 14 pct cut in global headcount between 2014-2019
Wednesday, 18 Nov 2015 02:39pm EST 

Enel SpA:Sees 14 percent reduction in global headcount between 2014 and 2019.  Full Article

Enel SpA confirms FY 2015 targets
Thursday, 27 Aug 2015 01:04am EDT 

Enel SpA:CEO confirms FY 2015 targets.  Full Article

BRIEF-Enel to invest $500 mln to build U.S. 300MW wind farm

* To invest $500 million to build a 300 MW wind farm in Missouri, the first in the state