Italy: Enel Green Power Shareholders Approve Integration Into Enel

Greenpeace backs Enel's tilt to renewables (The Local.it)

Enel Green Power (EGP), a separately-listed subsidiary which is active in wind, solar power, hydro-electric, geothermal and biomass power generation, is to be fully integrated into Enel under plans almost unanimously approved by EGP shareholders on Monday.
 
ENEL shareholders have voted on a move which will see the parent company take its stake in EGP from 63 percent currently to 100 percent.

The company has also announced plans to close 23 fossil fuel power plants in Italy by 2019, scrapped plans for new facilities in Italy and Chile and is seeking to offload assets worth six billion euros, particularly in eastern Europe.

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