Enel plans to sign a memorandum of understanding on the sale of the Marcinelle power plant to Gazprom on Friday at the St. Petersburg International Economic Forum, Enel Chief Executive Fulvio Conti has told reporters.
The signing of a binding agreement on the transaction is expected in September or October.
The sale price has already been agreed, Conti said, adding the deal still needs to be approved by Enel’s board. “We are reducing our presence in that part of Europe and for Gazprom it’s a good entry...
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