Sunday, August 7 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Aug 01
Week of Jul 25
Week of Jul 18
Week of Jul 11
Week of Jul 04
By Topic
By News Partner
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    Enel Russia shares drop 17.5% on corporate news


    June 17, 2022 - Interfax Russia & CIS Energy Newswire

     

      MOSCOW. June 17 (Interfax) - Shares of Enel Russia (MOEX: ENRU) have dropped 17.5% to 0.46 rubles per share in early trading on the Moscow Exchange (MOEX: MOEX) on corporate news.

      Italy's Enel is set to sell its 56.43% stake in PJSC Enel Russia to Lukoil (MOEX: LKOH) and the Gazprombank-Freesia fund, the Italian company said. According to Enel's announcement posted on the website of the Italian Stock Exchange, the company has concluded two separate agreements with buyers for a total of $135 million.

      The transaction is expected to close in the third quarter depending on a number of conditions, specifically on the decision of Russia's Government Commission on Foreign Investments and the Federal Anti-monopoly Service (FAS), according to the announcement.

      Enel Russia currently comprises three gas-fired power plants that include Konakovskaya GRES, Nevinnomysskaya GRES, and Sredneuralskaya GRES, as well as a commissioned wind farm in the Rostov region. A wind farm in the Murmansk region is expected to be 85% complete in July and 100% in October this year, while a wind power project in the Stavropol Territory has been canceled. The main shareholder of Enel Russia is Italy's Enel S.p.A. with a 56.43% stake.

      Cr ak

      (Our editorial staff can be reached at eng.editors@interfax.ru)

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.