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Enel sets Green Power IPO for second half of October

Fri, 08/06/2010 - 11:26am
Reuters

MILAN (Reuters) - Enel SpA, Europe's most indebted utility, will launch the initial public offering of shares in its renewable energy unit in the last two weeks of October, it said on Friday, as it moves to cut its debt.

Italy's largest utility is aiming to raise between 3 billion and 4 billion euros from the IPO of a minority stake in the Enel Green Power unit, making it potentially the biggest European share offering this year.

"The offer will be in the second half of October," an Enel spokeswoman said on Friday.

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