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Enel in talks with PPC  for Romanian unit sale

  Bloomberg Enel SpA has extended an exclusivity period for talks with Greece’s Public Power Corporation S.A. on the potential sale of its Romanian operations until the end of February. PPC entered an exclusivity agreement with the Italian utility in December in relation to the potential acquisition of the entire equity stakes held by Enel in Romania. The parties “will ...

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UK may reap £70b borrowing from household Covid savings

  Bloomberg The UK Treasury is exploring a significant increase in the bonds it sells to retail investors, a move that analysts say may draw in as much as £70 billion ($85.8 billion) for financing deficits in the coming years. The move would help Chancellor of the Exchequer Jeremy Hunt raise money at a time of economic turmoil and alleviate ...

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French PM offers concession in battle over pension reform

Bloomberg Emmanuel Macron’s government may offer another concession on plans to raise France’s retirement age from 62 to 64, seeking to secure a parliamentary majority amid a massive public backlash. The government is considering another carve-out so more people can retire before they turn 64, Macron’s Prime Minister Elisabeth Borne said in an interview with the JDD newspaper on Sunday. ...

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