Government selling 5.74% of Enel, deal to net 2.2 billion euros

(ANSA) - Rome, February 26 - The sale of a part of the government's stake in energy giant Enel has begun in a deal worth about 2.2 billion euros for national coffers, the Treasury department announced Thursday.
    About 540 million ordinary shares were put up for sale on Wednesday, the equivalent of about 5.74% of the State's stake in Enel.
    The accelerated share sale will reduce its holdings in Enel to 25.5% from the previous level of 31.24%.
    The government has said it intends to sell stakes in several State-owned enterprises, in a form of partial privatization.
    Enel is a multinational manufacturer and distributor of energy and gas.