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Last Trade - 05/07/19

Large Cap
Market Cap £9.49bn
Enterprise Value £32.75bn
Revenue £13.72bn
Position in Universe th / 6825

Macquarie looking at syndicating its purchase of stake in Open Fiber

Tue 24th November, 2020 4:07pm
MILAN, Nov 24 (Reuters) - Australia's Macquarie is looking
at the idea of syndicating the purchase of a stake in fast
broadband company Open Fiber from Italian utility Enel
 ENEI.MI , sources said on Tuesday.
    Enel, which jointly controls Open Fiber with state lender
CDP, received a binding bid from Macquarie in September for all
or part of its 50% stake.
    The sources said Macquarie had written a letter to Enel
asking for permission to share its evaluation model with
potential co-investors. 
    It did not ask for access to the data room for the possible
co-investors, the sources added.
    Macquarie and Enel declined to comment.

 (Reporting by Stephen Jewkes in Milan and Giuseppe Fonte in
Rome, editing by Giulia Segreti)
 ((; +39.0266129695; Reuters
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