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Enel (Baa1/BBB/BBB+): Asset Sale Completed

UTILITIES

Known deal, no credit impact

  • Enel completes divestment of Peruvian distribution assets to Southern Energy for $3.1bn.
  • Deal was signed in 2022 and flagged to close this month at 1Q24 results.
  • Proceeds will reduce net debt and Moody’s cited this in their recent outlook change from negative to stable.

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