Advertisement

Italy raises €2.2bn in sale of Enel stake

AFP
AFP - [email protected]
Italy raises €2.2bn in sale of Enel stake

Italy raised €2.2 billion in a sale of 5.7 percent of electricity company Enel, the economy and finance ministry said on Thursday, as part of a €10 billion privatization effort.

Advertisement

The sale, which was postponed from last year due to poor market conditions, brings the state's stake in Enel to 25.5 percent.

Italy also plans initial public offerings this year of its postal service, air traffic controller Enav and FS rail company as it seeks to raise funds to help pay down its massive debt.

Italian Finance Minister Pier Carlo Padoan said last week he was not satisfied with the pace of privatization.

More

Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also