Enel Offers Shares in Green Division

The Italian group Enel is set to offer a minority stake in Enel Green Power totaling $17.7 billion in shares, one of the largest in Europe since 2008 when the financial crisis hit.

Fulvio Conti, Enel’s chief executive, said that in the next few weeks the company would be holding a "beauty parade" to choose advisers, and it intends to issue a prospectus in April, in order to complete the sale by the year’s end.

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