Two groups have each offered about EUR1.3 billion for a 70% stake in Enel SpA's (ENEL.MI) gas distribution network, Il Sole-24 Ore reports Wednesday, without citing its sources.
One bidding group is led by Italian infrastructure fund F2i, and the other is led by Assicurazioni Generali SpA's (G.MI) Valiance fund.
However, the gas network sale is not likely to be approved by Enel's board meeting Wednesday along with a reported EUR8 billion capital increase, the paper said. Enel is announcing a new business plan Thursday.