Equatorial and Iberdrola in talks to buy Enel assets in Brazil, Valor reports

Equatorial and Iberdrola are reportedly in talks with Enel to buy Enel’s Brazilian assets, per Valor Economico sources. No deal terms or valuation were disclosed, so near-term read-through is limited, but the potential transaction supports a mildly positive bias for the involved parties.

Analysis

Equatorial and Iberdrola are reportedly in talks with Enel to buy Enel’s Brazilian assets, per Valor Economico sources. No deal terms or valuation were disclosed, so near-term read-through is limited, but the potential transaction supports a mildly positive bias for the involved parties.