MILAN (Reuters) - Italy’s biggest utility Enel (ENEI.MI) said on Wednesday it had completed the sale of its stake in SeverEnergia to Russia’s Rosneft (ROSN.MM) for $1.8 billion.
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
The deal had been announced on September 24.
In October the co-owner of Russia’s Novatek (NVTK.MM) said he still hoped to buy a stake in SeverEnergia.
Reporting by Stephen Jewkes; editing by Francesca Landini