--Enel SpA is in talks with banks on a 16 billion euros ($15.7 billion) state-backed credit line that would cover derivative risks associated with soaring energy prices, Bloomberg reports, citing unnamed sources.

--The banks contributing to the credit plan are waiting for the green light from the Italian Finance Ministry, which could arrive as soon as Tuesday, according to the news outlet.

--Talks are still preliminary and the deal structure hasn't been defined yet, Bloomberg reports.

Full story: https://bloom.bg/3eLVi9o

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

October 18, 2022 06:37 ET (10:37 GMT)

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