Enel will decide on Endesa stake by year-end - CEO

jueves 4 de septiembre de 2014 11:21 GYT

ROME, Sept 4 (Reuters) - Enel will take a decision regarding its stake in Spanish utility Endesa by the end of this year, the chief executive of Italy's biggest utility said on Thursday.

Enel owns 92 percent of Endesa and is looking at ways to increase the free float of the group.

"The decision on how to face (the problem) of low trading volumes on Endesa's stocks will be taken by the end of the year," Starace said on the sidelines of a meeting with EU Commissioner Guenther Oettinger.

He said Enel could cut or raise its stake or else keep it as it was.

Starace also said that a special dividend paid from the proceeds of a sale of Endesa assets in Latin America to Enel would be paid by the end of this year. (Reporting by Giuseppe Fonte, writing by Francesca Landini)