Enel Receives Notice of Macquarie Infrastructure's Offer for Open Fiber Stake
18 September 2020 - 2:05AM
Dow Jones News
By Giulia Petroni
Enel SpA said Thursday that it has received notice of a binding
offer by Macquarie Infrastructure and Real Assets, a division of
Macquarie Group Ltd., for the acquisition of its 50% stake in Open
Fiber SpA.
The Rome-based energy company said Macquarie Infrastructure
would pay approximately 2.65 billion euros ($3.14 billion) for the
purchase, net of debt and with adjustment and earn-out
mechanisms.
"Enel's board of directors acknowledged that it received the
notice and is awaiting updates on the details that may emerge
following the required in-depth activities with MIRA on the content
of the offer," it said.
Open Fiber is a wholesale operator jointly owned by Enel and
Italian state lender Cassa Depositi e Prestiti SpA.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 17, 2020 11:50 ET (15:50 GMT)
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