Enel CEO says delisting Endesa one of options on table
CERNOBBIO Italy (Reuters) - Italy's biggest utility Enel will decide what to do with its stake in Spanish utility Endesa in the next 30 days and delisting the unit is one of the options, the group's CEO said on Friday.
State-controlled Enel owns 92 percent of Endesa and is looking at what to do with its stake in the group.
"The options on the table are three: increase the free float, delist the company or do nothing," Francesco Starace said on the sidelines of a meeting.
(Reporting by Giancarlo Navach, writing by Stephen Jewkes; editing by Oleg Vukmanovic)
