Enel SpA (ENEL.MI) Chief Executive Fulvio Conti said Thursday the company has a "close working relationship" with the other controlling shareholder of Endesa (ELE.MC), Spanish company Acciona (ANA.MC).
The comments were made as the company presented its 2008-2012 strategy in Italy.
Spanish media reports earlier Thursday said there was a growing rift between Enel and Acciona. According to Spanish newspapers El Mundo and El Economista, the dispute between Endesa's Italian and Spanish owners has grown due to disagreements over strategic and management issues.