19 April 2024
Enel announces measures to cut huge debt
Publication date: 08 March 2012
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
Italian utility Enel on Thursday detailed measures in its 2012-2016 strategy plan to cope with net debt of €44.6 billion ($58.9 billion), as the company seeks to avoid further downgrades to its credit rating. Enel is seeking to cut €5.9 billion in costs – on top of €3.8 billion already cut – and will reduce its capital investment.