Enel's Domestic Natural Gas Network Worth About EUR2B

Enels Domestic Natural Gas Network Worth About EUR2B
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Τρι, 22 Απριλίου 2008 - 03:39
Enel SpA's (ENEL.MI) domestic natural gas distribution network, that the company may sell to reduce its debt, is worth about EUR2 billion, daily Il Sole-24 ore reports Tuesday, without citing sources.
Enel SpA's (ENEL.MI) domestic natural gas distribution network, that the company may sell to reduce its debt, is worth about EUR2 billion, daily Il Sole-24 ore reports Tuesday, without citing sources.

Enel's 30,000-kilometer gas network serves 2 million of its clients and is the country's second-biggest, says the report.

Enel Chief Executive Fulvio Conti said Monday the sale of the gas distribution network was a "hypothesis." Enel's net debt jumped to EUR55.8 billion at the end of December after the company bought joint control of Endesa SA (ELE.MC).

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