Enel selling EGP at Eu10.5bn base case

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Enel selling EGP at Eu10.5bn base case

The 10 bank syndicate managing the IPO of Enel Green Power agreed on an equity valuation of between Eu9.5bn and Eu12bn at a recent steering committee meeting and a base case valuation of Eu10.5bn ,said an official familiar with the discussion.

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