Enel opens business consultancy

Italian utility group Enel, which is to become owner of the electricity distributors Electrica Banat and Electrica Dobrogea, has recently established a business and management consultancy named Enel Servicii SRL Bucharest in Romania. The company was registered at the end of last year and is to provide logistics and administrative support to the operations conducted by the two companies acquired in Romania, the officials of the Italian company were quoted as saying by Mediafax. Enel Servicii’s share capital stands at 2bn ROL, and is held by Enel Spa, 80% and Enel Distribuzione, 20%. The Italian group will take possession of the two electricity distributors by this spring, after Enel’s representatives signed the contracts for taking over 51% in the two companies last summer. The two transactions were worth 112 million euros together. The Italians will pay 35.1 million euros for the 24.62% stake in the two branches and at the same time participate in a capital increase wherein they will contribute some 76.7 million euros to acquire majority. ZF