Enel CEO not keen on Open Fiber stake sale at this stage

Envair Electrodyne

29/07/2020 18:11

MILAN, July 29 (Reuters) - The head of Italy's Enel
 ENEI.MI  said on Wednesday he was not particularly interested
in selling the utility's stake in fast broadband unit Open Fiber
at this stage.
    In an analyst call on Enel's first half results, Chief
Executive Francesco Starace said the group was still committed
to pursuing investments in Open Fiber.
    "Of course sooner or later our mission industrially in Open
Fiber will be considered complete," Starace said, adding that
that could be a time for monetising the stake.
    Open Fiber, a wholesale-only fast broadband operator, is
jointly owned by Enel and state lender Cassa Depositi e
Prestiti.
    Enel recently received an expression of interest from U.S.
fund Macquarie for all or part of its stake.

    

 (Reporting by Stephen Jewkes, editing by  Elvira Pollina)
 ((elvira.pollina@thomsonreuters.com; 0039 0266129486;))