# Italy’s Enel sells 50% of its Australia green business to INPEX
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2023-09-29
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: Enel sells 50% of Australia green business to INPEX
Meta Description: Italy's Enel finalizes sale of 50% stake in Australian renewable activities to Inpex Corp, driving positive impact on earnings and debt.
URL: https://startupobserver.com/italys-enel-sells-50-of-its-australia-green-business-to-inpex/

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MILAN (Reuters) – Italy’s Enel said on Friday it has finalised the sale of 50% of the two entities owning the group’s renewable activities in Australia to Inpex Corp.

The sale generated a positive impact on Enel group’s core earnings of approximately 95 million euros, alongside an expected positive effect on the group’s consolidated net debt of around 142 million euros ($151 million).

($1 = 0.9432 euros)

(Reporting by Francesca Landini, editing by Alvise Armellini)


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