Enel heads for Argentine exit

Enel heads for Argentine exit

M&A Energy Hydro Electricity Argentina Italy

Italian electric utility company Enel said last week that it closed a deal to sell its stakes in two thermal power plants in Argentina to Central Puerto for $102 million. In the deal, Enel offloaded 75.7% of Enel Generación Costanera and 41.2% of Central Dock Sud to Central Puerto, the second largest power generation company in Argentina, the Italian company's local subsidiary, Enel Argentina, said in a press release on Friday. Costanera in the city of Buenos Aires is the largest thermal power p

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