Enel CEO Says Not Wise to Sell Russia Assets at Moment

Reuters

MILAN, July 31 (Reuters) – Italy's Enel is not considering the sale of its Russian assets at the moment, the utility's CEO Francesco Starace said on Thursday.

"It is not wise to sell assets in Russia at this moment," Starace said in a conference call.

Enel has said it is looking to sell assets worth around 4 billion euros this year to help reduce debt.

Starace said the group had no "sacred cows", adding anything could potentially be sold.

Enel controls Russian power generating company OGK-5.

Starace also said he would not propose changing the company's dividend policy.

(Reporting by Stephen Jewkes)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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