“We don’t have a `holy cow’ in this business. Anything can be sold, provided that we finished implementing the efficiency improvement and company growth steps,” Starace said.
If there is still growth in Romania, Enel will probably not sell. If efficiency can still be improved in Romania, Enel will probably not sell. If there is no one interested in the assets, how could it sell. The idea is that Enel sold assets in France, Brazil, in Italy, Russia, so it could also sell in Romania, why not. It all depends on the offers received, on what parties are interested, the executive added. His statements came at the Capital Markets Day, an event Enel organized in Milan, Italy.
The latest report on a potential sale of Enel in Romana, came from Thomson Reuters, announcing in September that Enel, which is the largest private distributor of electricity in Romania, had started sale of operations in an about EUR1.1 billion deal handled by France’s BNP Paribas.
Starace says Enel has a good package in Romania and has not made any decision to sell yet.
(English version by Loredana Fratila-Cristescu)