Enel Production sells 40% of shares in SE Hydropower to Sel

(ANSA) - Rome, November 7 - Enel Production, the wholesale electricity division of Italian electric utility Enel, signed an agreement on Friday to sell its 400 million euros of shares in SE Hydropower and SF Energy to Sel, an electric utility in the northern Italian province of Bolzano.
    The sale will cede Enel Production's 40% share in SE Hydropower, equivalent to 345 million euros, which will result in Sel having 100% of SE Hydropower's stock shares.
    The agreement is pending approval by the Italian Antitrust Authority (AGCM) and the release of funds to Sel by banks financing the transaction.