Enel Stock News

Italian energy company Enel has asked Brazil's power regulator ​Aneel to annul proceedings aimed at terminating ‌its Sao Paulo distribution concession, saying the regulator failed to conduct a structured analysis of the ​impact on consumers.

Brazilian power regulator Aneel on Tuesday ‌rejected Italian utility Enel's appeal against proceedings that could lead to the revocation of its Sao Paulo ​electricity distribution concession.

Italy's biggest utility Enel said ​on Thursday its ‌Spanish and Latin American units supported the ​group's performance in ​the first half, with ⁠ordinary earnings up ​3% year-on-year in ​the period.

Brazilian power firm Equatorial and Spain's Iberdrola are in ​talks with Enel to buy assets ‌of the Italian firm in Brazil, Brazilian newspaper Valor Economico reported on Monday, citing ​sources.

Italy's Enel met with Brazil's power regulator last week, according to official minutes of the ​meeting, which occurred amid a spat over the firm's ‌concession in Sao Paulo, with authorities considering revoking the approval due to a series of outages in recent years during heavy rains.