(Finance) – Enel has stipulated a exclusivity agreement with the Greek company Public Power Corporation (PPC) in relation to the potential sale of all the equity investments held by the Enel Group in Romania (Asset Target).
During the exclusivity period, until the end of January 2023, the parties will negotiate the transaction documentation and PPC
will carry out an adequate due diligence on the Asset Targets; at the end of this due diligence, PPC’s Board of Directors will determine whether the latter will present a binding offer to Enel.
The parties – Enel explains in a note – will inform the market should they enter into a binding agreement regarding the transaction.