Enel to pay $1.52 billion for stake in Russian firm

Article Abstract:

A 25.03% stake in Russian wholesale electric power generation company OAO OGK-5 has been bought by Italian electric utility ENEL S.p.A. for $1.52 bil. The offer represents a premium of approximately 15%. OGK-5's parent company is Unified Energy Systems of Russia.

Financial management, Company investment, Investments, Russia, Company securities, ENEL S.p.A., Unified Energy Systems of Russia

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EnBW could postpone offer for 25% of shares

Article Abstract:

Energie Baden-Wuerttemberg AG (EnBW) will make a decision by February 2002 on its planned secondary share offering. The company will decide whether or not to go ahead with the 25% offering.

Germany, Planning, Energie Baden-Wurttemberg

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Italy plans a second offering of Enel shares by year end

Article Abstract:

Italy's Treasury ministry is planning a second share offering of Enel SpA by the end of 2000. The new offering will be "substantial," according to Treasury Minister VIncenzo Visco.

Italy, Enel S.p.A.

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