Deals
Italy Treasury Sells Stake in Utility Enel
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Italy’s government, seeking to reduce the second-biggest debt in the euro region, sold a stake in Enel SpA, the country’s largest utility, for 2.2 billion euros ($2.5 billion).
Italy offered 540 million shares, or a 5.74 percent stake, to institutional investors, the Treasury said in an e-mailed statement Thursday.