November 21 (SeeNews) - Italian energy company Enel SpA (BIT:ENEL) is exploring a sale of its operations in Peru which could be valued at about USD 5 billion (EUR 4.87 bn) in a deal, Bloomberg reported, citing sources in the know.
The Italian firm has already tapped advisers to help it in a potential exit from the business that could attract initial interest from strategic buyers and investment funds, according to insiders quoted by the media.
Enel is said to be considering the sale of assets outside Italy in order to raise funds to cut its debt and finance new investments.
The Italian utility in October finalised the sale of its entire 56.43% stake in PJSC Enel Russia, completing the disposal of power generation assets in Russia, which Enel started in 2019 with an initial sale of coal-fired assets. In September, Enel agreed to sell its electricity distributor Celg Distribuicao SA – Celg-D in Brazil.
(USD 1 = EUR 0.974)