Bloomberg News : Romania Seeks $464 Million From Company Stake Sale to Enel

Romania may raise an estimated 377 million euros ($464 million) from the sale of a minority stake in energy company Electrica Muntenia Sud to its owner, Italy’s Enel SpA (ENEL), this year. The Bucharest-based Cabinet approved a memorandum today to go ahead with the sale of a 13.57 percent stake in the power company to Enel by December, Andrei Zaharescu, a government spokesman said in a phone interview today. The administration will hold talks with Enel to ...

Developed by Codecraftsman