EGP wants ‘around’ Eu3bn, WSE out

Italian power utility Enel is hoping to raise “around” Eu3bn from the IPO of its Enel Green Power renewables unit, said a person close to the company. The company is waiting for Consob approval of its prospectus, expected in the next two weeks, to launch the deal but pre-markering began on Monday morning. The Warsaw Stock Exchange, which is being privatised, also began pre-marketing work on Monday. The Polish government hopes to sell a 64% stake.