(ADPnews) - Oct 28, 2010 - Some 75% of the initial public offering (IPO) of Enel Green Power, a unit of Italy's power group Enel SpA (BIT:ENEL), has been subscribed so far, according to media reports.
The stocks are on offer since October 18, 2010. The 75% subscription thus indicates Enel should be able to close the operation without problems, Reuters said, quoting a banking source.
Enel is carrying out Europe's biggest IPO in the last three years aiming to meet its end-year target of a debt reduction to under EUR 40 billion (USD 55.25bn).
(EUR 1 = USD 1.381)
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Mariyana is a founding member of the Renewables Now team. With nine years of professional experience in renewables she has built strong expertise in the wind industry and French-speaking markets.