November 13, 2013 / 6:58 AM / in 4 years

Enel completes SeverEnergia sale to Rosneft for $1.8 billion

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

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