Italy's Enel approves Open Fiber sale to state investor CDP, Macquarie [Reuters]
Macquarie Infrastructure Holdings, LLC Common Unit (MIC)
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Source: Reuters
Finance Italy's Enel approves Open Fiber sale to state investor CDP, Macquarie A logo of Italian multinational energy company Enel is seen at the Milan headquarters, Italy, February 5, 2020. REUTERS/Flavio Lo Scalzo Italian utility Enel (ENEI.MI) on Friday agreed to sell its holding in Open Fiber, handing control of the broadband network firm to state lender Cassa Depositi e Prestiti (CDP) and bringing in Australian fund Macquarie as owner of a 40% stake. State-controlled Enel and CDP had until now shared ownership of Open Fiber, which had been set up to roll out fibre optic cables to close Italy's digital divide with the rest of Europe. By buying an additional 10% from Enel, CDP raises its Open Fiber stake to 60%, in a move seen as potentially easing a long-mooted plan to merge Open Fiber's network with that of phone group Telecom Italia (TIM) (TLIT.MI) . Shares in the former phone monopoly rose 3.9% on Friday, the biggest gainer on Italy's blue-chip index (.FTMIB) , as investors be
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