Rome, January 29th, 2015 Today, the agreement signed on November 7th, 2014 by Enel Produzione S.p.A. (Enel Produzione), a subsidiary of Enel, on the sale of its stake in SF Energy S.r.l. was finalized for a consideration of 55 million euros. Of the entire stake, 50% was sold to SEL S.r.l. (the counterparty in the agreement), while the remaining 50% was sold to Dolomiti Energia S.p.A. following exercise of its pre-emption rights.
The disposal is part of the agreements between Enel Produzione and SEL Società Elettrica Altoatesina S.p.A. signed on November 7th, 2014 and already disclosed to the market by Enel. The agreements also provide for the sale of the 40% stake held by Enel Produzione in SE Hydropower S.r.l. for a consideration of 345 million euros. The latter transaction will be finalized only upon meeting the final condition provided for under the terms of the agreement, namely for SEL to obtain a bank commitment to provide the funding for the purchase of the equity stake. The condition is expected to be met by the end of the first quarter of 2015.
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