The Italian energy group Enel is hoping to raise at least ā¬4.4bn and cut its debts by selling its assets in Slovakia and Romania. Enel controls a 66-percent share of Slovakiaās power producer SlovenskĆ© elektrĆ”rne (SE), while its holdings in Romania include energy and retail assets. āIn the last few days, Enel has formally notified the subsidiaries in both Slovakia and Romania, as well as their minority shareholders, of the start of the sale process and has appointed financial advisers,ā Enel said in the statement.
The Slovak government, which owns 34 percent of SE, claims it has no say over prospective bidders. Rosatom is reportedly interested in buying the Slovak holding, with Russiaās Sberbank offering to finance the transaction. The server sme.sk, meanwhile, lists the Czech power supplier ÄEZ as another bidder. Enel wants to raise ā¬6bn in asset selloffs. The company already raised ā¬1.6bn last year. Enel is being advised by BNP Paribas SA, Deutsche Bank AG in Slovakia, Citigroup Inc. and UniCredit SpA in Romania.
