November 28 (SeeNews) - Greek utility Public Power Corporation (PPC), Canada's Brookfield Asset Management and UK-based Amber Infrastructure are interested in buying the Romanian assets of Italian energy group Enel, valued at roughly 1.9 billion euro ($1.98 billion), Greek media reported.
The total value of the assets which Enel announced on Tuesday it plans to sell in 2023 is estimated at 1.8 - 1.9 billion euro and the sale should be completed in April at the latest, Greek economic portal Banking News reported.
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The portal also wrote that U.S. multinational investment bank and financial services company Goldman Sachs, which carried out the capital increase of PPC, is also its advisor for the acquisition of Enel Romania companies.
However, at the beginning of the month PPC denied media reports about a deal for the Romanian unit of Enel, but said that it is evaluating potential acquisitions in Romania and Bulgaria.
PPC was founded by the Greek government in 1950 and is listed at the Athens Stock Exchange since 2001. Its total installed capacity in Greece is 10,4 GW, with thermal and hydroelectric power plants as well as renewable energy sources installations. It is the owner of the distribution network with a regulated asset base of approximately 3 billion euro, which is operated by its subsidiary, HEDNO, according to information posted on its website.
Brookfield Asset Management Inc. is a Canadian alternative investment management companiy with over $725 billion of assets under management in 2022, its website showed.
With over 8 billion British pounds ($9.7 billion/9.23 billion euro) of assets managed, Amber invests in eight countries internationally across six funds and a number of managed accounts. Headquartered in London, Amber Infrastructure has offices in Europe, North America and Australia and employs approximately 125 infrastructure professionals.
In Romania, Enel operates on the supply segment through Enel Energie si Enel Energie Muntenia, on the distribution segment through E-Distributie Banat, E-Distributie Dobrogea and E-Distributie Muntenia and on the production segment, through Enel Green Power Romania.
The group serves about three million customers and employs 3,100 in locally.
In August, the Italian group lent 375 million euro to its Romanian units Enel Energie and Enel Energie Muntenia to cover their financing needs in the context of rising electricity prices and state subsidies scheme for final consumers, Fondul Proprietatea, a shareholder in the two units, said at the time.