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Emerging Markets

Vattenfall nears close of long slog Enea block

Swedish power firm Vattenfall was close to completing its sale of its entire $390m stake in Polish utility Enea on Tuesday evening, almost 24 hours after the deal was launched. The deal is the first large block since controversial pension fund reforms were made over the summer, and had worried some in the market after the long bookbuilding period, which went for a long time without any covered message.

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