MILAN (Reuters) – Italy’s Enel said on Thursday it had received a binding bid from investment fund Macquarie for its 50% stake in broadband network operator Open Fiber.
The utility said the bid from Macquarie Infrastructure & Real Assets valued the stake at 2.65 billion euros ($3.1 billion) excluding debt.
The deal also included adjustment and earn out mechanisms, it said.
($1 = 0.8468 euros)
(Reporting by Stephen Jewkes; editing by James Mackenzie)
