Enel eyes selling Chilean transmission business

Enel eyes selling Chilean transmission business

Corporate & Sovereign Strategy M&A Electricity Chile Italy

Enel Chile, the Chilean subsidiary of Italian utility company Enel, said it is considering selling its transmission business, a move that comes as it seeks to set up a new unit to capitalize on the expected growth in electric vehicles. The company is "analyzing and exploring the potential interest and valuations for a possible sale" of its 99% stake in Enel Transmisión Chile, it said in a securities filing on Thursday. Enel Chile said it has not yet made a decision on the sale. Earlier this mont

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