Endesa in advanced talks for renewable assets stake sale
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MADRID (Reuters) - Spanish power utility Endesa is in advanced negoatiations to sell stakes in renewable assets and may have some news on the process in the first half of this year, its Chief Financial Officer Marco Palermo said on Wednesday.
Like its peers such as Repsol and Iberdrola, Endesa, which is controlled by Italy's Enel is seeking to raise cash to invest in new renewable projects by selling more developed ones.
(Reporting by Pietro Lombardi, editing by Inti Landauro)