Home Business & Finance INTERVIEW-Enel interested in grid network acquisitions, including Brazil -CFO
INTERVIEW-Enel interested in grid network acquisitions, including Brazil -CFO

INTERVIEW-Enel interested in grid network acquisitions, including Brazil -CFO

27
0

* Looking for opportunities from liberalisation in Brazil

* CFO says Endesa is not for sale

* No plans to scale back Chile investments

By Stephen Jewkes

MILAN, May 12 Europe’s biggest utility Enel is not interested in large acquisitions but is looking for opportunities to buy grid networks around the world, including in South America, CFO Alberto De Paoli said on Friday. Enel, which recently bought Brazilian power distribution company Celg-D, already owns generation and distribution assets in Brazil and is the biggest private energy player in South America. “We are interested in making more grid acquisitions in Brazil if opportunities arise from market liberalisation,” De Paoli told Reuters in a phone interview after the group’s first quarter results. Enel is looking to its grids and green power businesses to drive growth, especially in emerging markets and North America.

Source:Reuters
Anand Gupta Editor - EQ Int'l Media Network

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *

Open chat