Enel In Discussion With PPC To Sell All Romanian Assets

Enel S.p.A. (ENLAY.PK,EN), an Italian producer and distributor of electricity and gas, said on Thursday that it has entered into an exclusivity agreement with the Greek firm- Public Power Corporation S.A. or PPC, for possible sale of its entire equity stake in Romania.

Until the end of January 2023, the companies will negotiate the transaction documentation and the PPC will conduct necessary due diligence on the Romanian assets of Enel.

Following the competition of due diligence, PPC will take a decision whether to submit a binding offer to Enel or not.

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