By Giulia Petroni 
 

Enel SpA said Thursday that it has received notice of a binding offer by Macquarie Infrastructure and Real Assets, a division of Macquarie Group Ltd., for the acquisition of its 50% stake in Open Fiber SpA.

The Rome-based energy company said Macquarie Infrastructure would pay approximately 2.65 billion euros ($3.14 billion) for the purchase, net of debt and with adjustment and earn-out mechanisms.

"Enel's board of directors acknowledged that it received the notice and is awaiting updates on the details that may emerge following the required in-depth activities with MIRA on the content of the offer," it said.

Open Fiber is a wholesale operator jointly owned by Enel and Italian state lender Cassa Depositi e Prestiti SpA.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

September 17, 2020 11:50 ET (15:50 GMT)

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