By Anthony Shevlin 
 

Enel SpA (ENEL.MI) said late Friday that it sold its 50% stake in the joint venture EF Solare Italia SpA to existing partner F2i SGR SpA, an Italian private-equity firm.

Enel said the equity consideration of the sale was 214 million euros ($243.2 million) and is subject to adjustments in line with standard practice for this type of transaction.

The company will now focus its resources in Italy on developing and building greenfield projects.

 

Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin

 

(END) Dow Jones Newswires

December 24, 2018 01:47 ET (06:47 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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