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Business

Enel sees IPO of grid services business in 2023 – CEO to paper

Enel sees IPO of grid services business in 2023 - CEO to paper 1

MILAN (Reuters) – Europe’s biggest utility Enel plans to list its grid services business in 2023, Chief Executive Francesco Starace said in an interview with Italian daily La Repubblica published on Thursday.

Enel will find an industrial partner for the new company, dubbed Gridspertise, this year, Starace added.

“Gridspertise, as the new company is called, will start in 2022 as a separate company to enhance and provide to all customers services around the world. It will have an industrial partner already this year and for 2023 we plan the listing,” Starace told La Repubblica.

Starace reiterated that Enel also plans to spin-off and list its network of charging stations for electric cars.

(This story was refiled to add missing word in headline and first paragraph to clarify co to be listed is grid services business)

(Reporting by Gianluca Semeraro; editing by Agnieszka Flak)

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