March 28, 2022 |
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
Italian utility company's subsidiary could earn $1 bln from the deal