Bloomberg News

Enel Gets 350 Million-Euro Loan From EIB for Network

October 01, 2011

Oct. 1 (Bloomberg) -- Enel SpA subsidiary Enel Distribuzione will receive a 350 million-euro ($469 million) loan from the European Investment Bank to cover part of its investments in Italy’s electricity network.

The funds will be paid by the end of 2011 and are part of a 20-year financing agreement, Enel said today in a stock-exchange statement. The EIB is willing to provide as much as 1 billion euros in all for the network investment, the company said.

--Editors: Steve Bailey, Dick Schumacher

To contact the reporter on this story: Alessandra Migliaccio in Rome at amigliaccio@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net


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