Italian electric power giant Enel on Thursday said it was planning to sell assets in Romania and Slovakia in a deal that would raise more than 4.4 billion euros.
The activities to be sold would include a 66-percent stake in Slovenske Elektrarne, the leading power generator in Slovakia with revenues of 2.9 billion euros in 2013.
In Romania, the stakes to be sold w ould be in companies managing a power grid of about 91,000 kilometres and with a customer base of around 20 percent of the retail market.
Chief executive Francesco Starace "informed the board that... possible sales by the Enel Group would include its generation assets in Slovakia and its distribution and sales assets in Romania," the company said in a statement.