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[BUSINESS] · Italy, Spain · 2 sources

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Enel denies interest in reducing its stake in Endesa

Enel has categorically denied rumors regarding a potential reduction of its stake in the Spanish electric utility Endesa. The Italian energy giant, which holds more than 70% of Endesa's capital, stated that it has no interest in divesting, even partially, from the company.

The company addressed recent speculation following reports that the Italian government, Enel's primary shareholder, had reportedly surveyed investor interest in a possible sale. Enel emphasized that its current strategic plans and market commitments are focused on growth within Europe and the Americas, rather than divestment.

Entities

Edison Next Spain · Endesa · Enel · Rivas Vaciamadrid