In order to reduce its debt and finance new investments in the context of an energy crisis, the Italian company Enel It is considering selling all its operations in Peru, according to sources in the sector, according to information collected by Bloomberg.
Thus, the foreign utility firm anticipates that the business of Enel in Peru it would be worth US$ 5,000 million, and said asset would already enjoy the preliminary interest of strategic suitors and investment funds.
It is worth noting that Enel It cut its profit target for this year in the face of the global energy crisis and would explore selling its assets outside of Italy to get out of the ‘mud’. In this sense, its profits in the first nine months of the year, in our market, totaled 465 million euros, 4% less than the 12,400 million euros of the group in general.
When would the sale of Enel be announced?
According to the voices of the sector, Francesco Starace, CEO of Enelwould announce the intention to sell its Peruvian assets on November 22, when the business plan for 2023-2025 is presented.
“Deliberations are ongoing and there is no certainty that they will result in a transaction,” the sources clarified to Bloomberg.