Enel completes SeverEnergia sale to Rosneft for $1.8 billion

Wed Nov 13, 2013 1:58am EST
 
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MILAN (Reuters) - Italy's biggest utility Enel (ENEI.MI: Quote) said on Wednesday it had completed the sale of its stake in SeverEnergia to Russia's Rosneft (ROSN.MM: Quote) for $1.8 billion.

The deal had been announced on September 24.

In October the co-owner of Russia's Novatek (NVTK.MM: Quote) said he still hoped to buy a stake in SeverEnergia.

(Reporting by Stephen Jewkes; editing by Francesca Landini)

 
Enel SpA Chief Executive Officer Fulvio Conti looks on during the opening of an Enel flagship store in downtown Milan May 10, 2011. REUTERS/Alessandro Garofalo