Enel to exit Open Fiber this year?

19 Oct 2020

Reports from Italy suggest that utility group Enel could sell its 50% stake in wholesale network operator Open Fiber by the end of this year. Last month Enel received a EUR2.65 billion (USD3.13 billion) offer (excluding debt) for its interest in Open Fiber from Macquarie Infrastructure & Real Assets (MIRA). Il Sole 24 Ore now writes that Macquarie is considering submitting an increased offer, while the telco’s other shareholder – state-backed fund Cassa Depositi e Prestiti (CDP) – could acquire a further 10% stake to take its interest to 60%, with Macquarie buying the remainder.

Italy, Enel, Macquarie Asset Management (incl. MIRA), Open Fiber