Enel SpA (ENEI.MI)
26 May 2017
MILAN Europe's biggest utility Enel is not interested in large acquisitions but is looking for opportunities to buy grid networks around the world, including in South America, CFO Alberto De Paoli said on Friday.
MILAN, May 12 Enel is not interested in large acquisitions but is looking for opportunities to buy grid networks around the world, including in South America, CFO Alberto De Paoli told Reuters on Friday.
* group's Open Fiber broadband unit has no plans for a tie-up with Telecom Italia or to list on the stock market
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 .
MILAN, March 23 Telecom Italia is looking for a partner to help fund its broadband business in non-economically viable areas of Italy as it gears up to compete with utility giant Enel.
ROME, March 18 The Italian Treasury on Saturday proposed that veteran banker Alessandro Profumo be named the new chief executive of defence and aerospace company Leonardo , in a round of new appointments at state-controlled firms.
MILAN Italy's biggest utility Enel said any major deals in the European industry would have to wait until new industry rules were in place after elections this year in France and Germany.
* Enel M&A will be in 1-1.5 bln euro range (Adds CEO later comments, analyst, shares)
* large-size M&A deals are potentially value destructive deals, "we don't like them"
* sees potential merger and acquisition (M&A) opportunities in Europe after the French and German elections