Trend > News > Breakingviews – Enel self-help plan has one known unknown
Breakingviews – Enel self-help plan has one known unknown
Breakingviews - Enel self-help plan has one known unknown,Enel Chief Executive Francesco Starace’s slim-down plan is not getting enough attention. Last year, the $57 billion utility’s shares suffered as its net debt rose to 70 billion euros, and soaring interest rates and its base in a high-debt Italy battling spiralling energy costs spooked investors. That prompted the group to start aggressively selling assets in places like Chile, Argentina and Romania to cut debt by 21 billion euros.

Breakingviews – Enel self-help plan has one known unknown

Enel Chief Executive Francesco Starace’s slim-down plan is not getting enough attention. Last year, the $57 billion utility’s shares suffered as its net debt rose to 70 billion euros, and soaring interest rates and its base in a high-debt Italy battling spiralling energy costs spooked investors. That prompted the group to start aggressively selling assets in places like Chile, Argentina and Romania to cut debt by 21 billion euros.