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Enel SpA (ENEI.MI)

ENEI.MI on Milan Stock Exchange

5.36EUR
15 Dec 2017
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€0.02 (+0.37%)
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Latest Key Developments (Source: Significant Developments)

Russia's Prosperity Capital files 115.6 mln euro claim against Enel
Monday, 4 Dec 2017 11:13am EST 

Dec 4 (Reuters) - :RUSSIAN INVESTMENT FUND PROSPERITY CAPITAL MANAGEMENT IS SEEKING ABOUT 115.55 MILLION EUROS IN DAMAGES FROM ITALIAN COMPANY ENEL <<>>, RELATED TO PURCHASE OF POWER EQUIPMENT BY ENEL'S RUSSIAN SUBSIDIARY, ACCORDING TO PROSPERITY.PROSPERITY HAS FILED A LAWSUIT AGAINST ENEL AND ITS MANAGEMENT TO THE SVERDLOVSK REGION COMMERCIAL COURT FOR 8.1 BILLION ROUBLES, ACCORDING TO DATA IN THE COURT'S FILING SYSTEM.DETAILS OF THE CLAIM ARE NOT DISCLOSED.ENEL SAID PROSPERITY'S CLAIMS AND RELATED ALLEGATIONS ARE "GROUNDLESS".ACCORDING TO PROSPERITY, IT OWNS ABOUT 10 PERCENT IN ENEL RUSSIA, WHICH IS CONTROLLED BY ENEL.ACCORDING TO PROSPERITY'S DATA, IN DEC. 2010 ENEL CANCELLED A PROJECT TO BUILD A POWER PLANT IN GREECE AND DECIDED TO TRANSFER THE EQUIPMENT PURCHASED FOR THE PROJECT TO ITS RUSSIAN SUBSIDIARY PURPOSED FOR A NEW GAS UNIT AT THE SREDNEURALSKAYA POWER PLANT.AS A RESULT, IN SEPT. 2011 ENEL RUSSIA SIGNED AN AGREEMENT ON PURCHASE OF THE POWER EQUIPMENT WORTH 98 MILLION EUROS, WITHOUT DISCLOSING THE ORIGIN OF THE EQUIPMENT TO ITS SHAREHOLDERS, PROSPERITY SAYS.HOWEVER PROJECT AT THE SREDNEURALSKAYA POWER PLANT WAS PUT ON HOLD AND AT THE END OF 2012 THE COMPANY DECIDED TO QUIT IT.PROSPERITY BELIEVES THAT ENEL RUSSIA COULD NOT GET A POSITIVE OPINION OF THE STATE EXPERTISE ON THE PROJECT AND THEREFORE DECIDED TO CANCEL IT.  Full Article

Enel Sells Majority Stake In Two US Wind Farms While Keeping Plant Management
Thursday, 30 Nov 2017 09:28am EST 

Nov 30 (Reuters) - ENEL SPA ::ENEL SELLS MAJORITY STAKE IN TWO US WIND FARMS WHILE KEEPING PLANT MANAGEMENT.TOTAL CONSIDERATION FOR TRANSACTION IS ABOUT $233 MILLION TO BE PAID UPON CLOSING OF DEAL, EXPECTED BY END OF 2017.  Full Article

Enel CEO sees mid-size bolt-on deals in distribution, renewables
Tuesday, 21 Nov 2017 05:40am EST 

Nov 21 (Reuters) - Enel CEO Francesco Starace says in a conference call on 2018-2020 business plan::planned acquisitions will be mid-size bolt-on deals in distribution, renewable energy sectors.  Full Article

Enel CEO rules out large-size deals, not interested in Innogy
Tuesday, 21 Nov 2017 05:10am EST 

Nov 21 (Reuters) - Enel CEO Francesco Starace says in a conference call::has negative view of large M&A deals.asked about an Innogy deal, says "banks come to us now and then", but have not hired banks and not interested.Endesa will not be active in M&A outside Iberian market.excludes large M&A but cannot rule out mid-size deals.  Full Article

Enel targets full coverage in Italy with fiber to home by 2022 - CEO
Tuesday, 21 Nov 2017 04:03am EST 

Nov 21 (Reuters) - Enel CEO Francesco Starace tells investors during a capital markets day: :Open Fiber unit targets full coverage in Italy with fiber-to-the-home broadband by 2022 .sees possibility of repeating venture in other countries.  Full Article

Enel sees net debt at around 39.8 bln euros in 2018 - slide
Monday, 20 Nov 2017 11:30pm EST 

Nov 21 (Reuters) - Enel says: :Sees net debt at about 39.8 billion euros in 2018 from 37.8 billion euros this year, to reach 38.3 billion euros in 2020 - slide.Open Fiber broadband plan sees reaching 4 million users by 2022, total capex 5.1 billion euros of which 4.4 billion euros by 2022 - slide.  Full Article

Enel has no intention to exit Open Fiber's share capital - CEO to paper
Thursday, 16 Nov 2017 01:41am EST 

Nov 16 (Reuters) - Enel::the utility has no intention to exit broadband firm Open Fiber's share capital - CEO Francesco Starace told Il Sole 24 Ore.the executive also ruled out the idea of creating one network company together with Telecom Italia, saying it didn't "make sense neither for Open Fiber nor Telecom Italia" .  Full Article

Enel to book capital gain of 200 mln euros on Mexico renewables sale
Thursday, 9 Nov 2017 04:32am EST 

Nov 9 (Reuters) - Enel CFO says on a conference call on 9-month results::company will book capital gain of 200 million euros on its sale of Mexico renewable plants.  Full Article

Enel says core earnings growth to further accelerate in Q4
Thursday, 9 Nov 2017 03:13am EST 

Nov 9 (Reuters) - Italian utility Enel says in slide on 9-month results::EBITDA growth to further accelerate in Q4.  Full Article

Gazprom receives offer to buy Enel Russia's coal plant
Wednesday, 4 Oct 2017 04:40am EDT 

Oct 4 (Reuters) - :GAZPROM <<>> HAS RECEIVED AN OFFER FROM ENEL RUSSIA'S <<>> CONSULTANT TO BUY REFTINSKAYA GRES AND IS CONSIDERING IT, GAZPROM ENERGOHOLDING HEAD DENIS FEDOROV TOLD REUTERS."WE RECEIVED AN OFFER FROM SBERBANK..., WE'RE CONSIDERING IT", HE SAID.ITALY'S ENEL <<>> CEO SAID EARLIER IN SEPT. THE COMPANY, WHICH AGAIN PUT UP FOR SALE RUSSIA'S BIGGEST COAL POWER PLANT, HAS RECEIVED INTEREST FROM POTENTIAL BUYERS INCLUDING FROM OUTSIDE OF RUSSIA nL5N1M24JP.  Full Article

BRIEF-Enel Sells Majority Stake In Two US Wind Farms While Keeping Plant Management

* ENEL SELLS MAJORITY STAKE IN TWO US WIND FARMS WHILE KEEPING PLANT MANAGEMENT