Greek utility PPC denies signing deal to buy Enel Romania
Solar panels. Source: Enel Green Power (www.enelgreenpower.com).
Greek power utility PPC SA (ATH:PPC) has not signed any deal for the acquisition of a 70% stake in the Romanian unit of Italian peer Enel SpA (BIT:ENEL), it said, rebuffing media reports on the matter.
The Athens-based company said in a bourse filing earlier this week it has not signed any agreement or a memorandum of understanding (MoU) regarding such a transaction. Its statement was issued in response to a question by the Hellenic Capital Market Commission.
The utility noted it is actively exploring organic and inorganic growth opportunities in Greece and Southeast European markets, including selected potential acquisitions in Romania and Bulgaria.
Enel has been operating in Romania since 2005. It is involved in power supply and distribution and electricity production from renewable power sources. Via Enel Green Power Romania, the company owns 534 MW of wind and solar parks, its website shows.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.