Enel Eyes Bid for Wind

Enel considers bid for a majority stake in alternative Italian operator Wind

April 11, 2005

1 Min Read

ROME -- The Board of Directors of Enel met today in Milan under the chairmanship of Piero Gnudi and examined the latest binding offers presented by Blackstone and Weather Investments. Both offers were related to the acquisition of a controlling stake in Wind. The Board also heard the opinion of the legal and financial advisors

The Board gave mandate to the Chief Executive Officer to carry on contacts with Weather Investments in order to better define some elements related to the offer before starting any negotiation on an exclusive basis.

Enel SpA

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