Enel Suspends Sale of Argentina's Edesur Amid Milei Optimism [Financial Post (Toronto, Ontario, Canada)]
ENEL SPA UNSP/ADR (ENLAY)
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Source: Financial Post
become hopeful about President Javier Milei's push to deregulate the sector, according to a company spokeswoman. Author of the article: (Bloomberg) — Italian energy giant Enel SpA confirmed Monday it's suspended the sale of subsidiary power distributor Edesur in Argentina as company executives become hopeful about President Javier Milei's push to deregulate the sector, according to a company spokeswoman. Enel officials, including Chief Executive Officer Flavio Cattaneo, met with Cabinet Chief Nicolas Posse and Economy Minister Luis Caputo Monday in Buenos Aires, where they applauded Milei, who took office Dec. 10, for his push to deregulate Argentina's energy industry, according to statements from the government and Enel's spokeswoman. Article content Article content Read More: Enel Mulls Scrapping Argentina Exit in Big Bet on Milei (1) Enel becomes the first major multinational to pivot its strategy in Argentina based principally on Milei's shock therapy economic plan.
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