|Bid||4.440 x 0|
|Ask||4.441 x 0|
|Day's Range||4.415 - 4.449|
|52 Week Range||4.373 - 5.585|
|PE Ratio (TTM)||11.42|
|Earnings Date||Nov 6, 2018|
|Forward Dividend & Yield||0.24 (5.37%)|
|1y Target Est||N/A|
Italian utility Enel SpA (ENEI.MI) has called a halt to further acquisitions in Brazil for the time being as it gears up to complete asset sales of up to 1.5 billion euros (1.34 billion pounds)in the second half of the year. "I don't see appetite for further acquisitions in Brazil at this stage," Enel CEO Francesco Starace told analysts on a conference call on Tuesday after the company released first-half results. In June, Europe's biggest utility agreed to spend almost $1.5 billion to buy a majority stake in Brazilian power company Eletropaulo (ELPL3.SA) and also said it could spend more than $2.3 billion to buy a Latin American fiber company.
Italy's biggest utility Enel (ENEI.MI) is ready to discuss the sale of its stake in solar joint venture EF Solare to partner F2i, a source familiar with the matter said on Friday. Enel and F2i currently own 50 percent each of EF Solare, Italy's biggest solar power operator which could be worth more than 1.5 billion euros (1.33 billion pounds). In a statement on Thursday F2i said it had expressed its intention to acquire Enel's stake.
Italy's Enel SpA eyes more three electricity distributors in Brazil after acquiring a major stake in power company Eletropaulo Metropolitana Eletricidade de Sao Paulo SA, Chief Executive Francesco Starace ...
Italian energy firm Enel SpA has recently hired Rothschild & Co to sell two solar farms and a wind farm in northeastern Brazil, newspaper Valor Economico reported on Thursday. The assets, held by unit ...
Italian energy firm Enel SpA has recently hired Rothschild & Co to sell two solar farms and a wind farm in northeastern Brazil, newspaper Valor Economico reported.
Enel agreed a deal on Monday that could see it spend more than 2 billion euros ($2.3 billion) to buy Latin American fiber company Ufinet International, as the Italian company looks to advance its ultrafast broadband ambitions. Europe's biggest utility said its Enel X unit would buy a 21 percent stake in Ufinet for 150 million euros ($175 million) with an option to buy the rest from owner Cinven for 1.32-2.1 billion euros. "This deal further strengthens our position as a leading infrastructure operator in the region," Enel CEO Francesco Starace said in a statement.
I am writing today to help inform people who are new to the stock market and want to better understand how you can grow your money by investing in EnelRead More...
Moody's Investors Service ("Moody's") has today placed on review for downgrade the long-term ratings of the following Italian utility issuers: CDP RETI S.p.A. (CDP RETI), Compagnia Valdostana delle Acque S.p.A. (CVA), Hera S.p.A. (Hera), Italgas S.p.A. (Italgas), SNAM S.p.A. (SNAM), and Terna - Rete Elettrica Nazionale S.p.A. (Terna). The decision to place the ratings on review for downgrade was prompted by the corresponding action on Italy's Baa2 government bond rating. The review for downgrade of CVA's Baa1 long-term issuer rating reflects the company's linkages with the sovereign, given that all its earnings are generated in Italy.
Italy's Enel SpA outbid Spanish utility Iberdrola SA with a 7.6 billion reais bid for Brazilian grid operator Eletropaulo Metropolitana Eletricidade de Sao Paulo SA, according to a Wednesday securities ...
The Brazilian unit of Italian utility Enel SpA on Wednesday presented the highest bid for shares of power grid operator Eletropaulo Metropolitana Eletricidade de Sao Paulo SA, according to an Eletropaulo ...
Italian power giant Enel SpA won a highly contested multibillion-dollar battle for AES Corp.’s Brazilian utility in a move that will more than double its presence in the country’s electricity distribution market. Enel’s 45.22 reais-a-share ($12.14) offer for Eletropaulo SA topped a final one by leading rival Iberdrola SA of Spain in sealed bids opened late Wednesday on the Sao Paulo stock exchange. Enel already has three distribution companies in Rio de Janeiro, Ceara and Goias states, delivering power to millions of clients.
After looking at Enel SpA’s (BIT:ENEL) latest earnings update (31 March 2018), I found it helpful to revisit the company’s performance in the past couple of years and compare thisRead More...
In this article I am going to calculate the intrinsic value of Enel SpA (BIT:ENEL) using the discounted cash flows (DCF) model. Anyone interested in learning a bit more aboutRead More...
MILAN (Reuters) - Italy's biggest utility Enel (ENEI.MI) would look at any assets of smaller rival EDP (EDP.LS) that came to market in case of a break up of the Portuguese energy group, a source familiar ...
Moody's Investors Service, ("Moody's") has today assigned a Ba1 long-term rating to the Capital Securities (the junior subordinated "Hybrid"), to be issued in two tranches by Enel S.p.A. ("Enel"). The rating outlook is stable in line with that of Enel. The Ba1 rating assigned to the Hybrid is two notches below Enel's senior unsecured rating of Baa2, reflecting the features of the Hybrid.
Spanish utility Iberdrola (IBE.MC) locked horns with Enel (ENEI.MI) on Thursday, alleging its Italian rival's state control was resulting in unfair competition. Enel, which rejected the allegations, and Iberdrola are involved in a heated contest to control Eletropaulo (ELPL3.SA), Brazil's largest power distribution company.
BRASILIA (Reuters) - Brazilian securities regulator CVM has set a May 18 deadline for companies to bid for Eletropaulo Metropolitana SA (ELPL3.SA) in a live auction on Brazil's stock exchange, the company ...
Iberdrola SA, Spain’s largest power company, raised its bid for Brazilian electricity distributor Eletropaulo SA late Friday, topping an offer made by Italy’s Enel SpA on Thursday. Iberdrola’s Brazilian unit Neoenergia increased its per-share offer to 29.40 reais ($8.61) from 25.51 reais, according to a statement. Enel said Thursday it would boost a promised capital injection to 1.5 billion Brazilian reais from 1 billion to sweeten its 28 reais-a-share offer.
** General Electric Co is exploring a public offering for one of its divisions and discussing hybrid deals with public companies to combine assets, the Wall Street Journal reported, citing people familiar with the matter. ** Walmart Inc is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the U.S. retail giant's biggest acquisition of an online business, two people with direct knowledge of the matter said.
MILAN/LONDON (Reuters) - Europe's biggest utility Enel (ENEI.MI) is actively looking for mid-size acquisitions of mainly regulated assets outside Europe, with Latin America a focus, its chief executive told Reuters. "We're looking at bolt-on deals below 5 billion euros ... several opportunities are coming to market in Brazil," Francesco Starace said in an interview, adding they were mostly regulated grids. State-controlled Enel owns a majority stake in Spanish utility Endesa (ELE.MC) and is investing in green energy and grids to tackle the crisis in traditional power generation.
Italy's biggest utility Enel said on Friday it had won its first green energy tender in India and planned to expand further in the country. Enel, one of Europe's biggest renewable energy players, said it had won the right to sign a 25-year energy supply contract for a 285 megawatt wind power farm in the state of Gujarat. The state-controlled utility said it would be investing more than $290 million to build the plant.