Electrabel, Italian utilities to buy Enel unit

Electrabel, the Belgian energy business, and four Italian utilities agreed to buy Enel 's Interpower generation unit for € 874 million euros in cash and assumed debt to gain market share in Europe's fourth-biggest power market. Europe's No. 6 electricity producer and its ally Acea, Rome's municipal utility, teamed with energy trader Energia and two Italian partners. They made the only offer for the unit, which last year accounted for 2.5 % of Italy's production.
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