--Rome-based energy giant Enel expects to invest $900 million in Brazilian distributor Eletropaulo between 2019 and 2021, after acquiring 73% of its share capital, reports EFE.

--"Eletropaulo, in our opinion, hasn't realized the investments it needed over the last years," says Carlo Zorzoli, who heads Enel in Brazil, at a press conference in Sao Paulo.

--The investment will be focused on improving the electrical grid and digitalizing the company, reports EFE.

Full story in Spanish: https://bit.ly/2LqxsMe

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(END) Dow Jones Newswires

June 06, 2018 04:06 ET (08:06 GMT)

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