According to a statement on Friday, the group finalized the sale of the electricity transmission system in Chile for a value of 1.58 billion US dollars (1.5 billion euros) including debt. The cash inflow will reduce Enel’s net debt by around 1.5 billion euros, and the net profit will have a positive effect of around 435 million euros.
On the occasion of a capital market day in November, Enel announced that it wanted to reduce debt through the sale of investments worth billions. In the coming years, Italy’s largest energy company wants to clean up its own portfolio and make itself leaner regionally. Sales of 21 billion euros are planned for this.
At the event, the Enel board also presented medium-term goals, which envisage continuous improvements in earnings after this year until 2025. The majority of the steps required for this, including the sales, should be started in the coming year and lead to a more agile company, it said.
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