Enel CEO awaits word on sale of Russian unit to Lukoil - Yahoo Sports
By A Mystery Man Writer
Italian utility Enel has no indication on when it can close the sale of its Russian unit, CEO Francesco Starace said on Saturday, adding prospective buyer Lukoil had sought the necessary authorisation. "Lukoil has put in the necessary request and we're awaiting a response," Starace said during a press briefing at a business conference in northern Italy. Enel announced in June it had reached a deal with Russia's Lukoil and investment fund Gazprombank-Frezia to sell its 56.43% stake in Enel Russia for around 137 million euros, which will be paid at closing.
Italian utility Enel has no indication on when it can close the sale of its Russian unit, CEO Francesco Starace said on Saturday, adding prospective buyer
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