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Enel CEO says delisting Endesa one of options on table

Published 05/09/2014, 10:03
Updated 05/09/2014, 10:10
© Reuters Enel SpA's new hydrogen-fuelled combined cycle power plant is pictured inside the Andrea Palladio Fusina plant in Venice
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CERNOBBIO Italy (Reuters) - Italy's biggest utility Enel (MI:ENEI) will decide what to do with its stake in Spanish utility Endesa (MC:ELE) in the next 30 days and delisting the unit is one of the options, the group's CEO said on Friday.

State-controlled Enel owns 92 percent of Endesa and is looking at what to do with its stake in the group.

"The options on the table are three: increase the free float, delist the company or do nothing," Francesco Starace said on the sidelines of a meeting.

(Reporting by Giancarlo Navach, writing by Stephen Jewkes; editing by Oleg Vukmanovic)

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