Enel , one of Europe’s largest and most indebted utility groups, expects to refinance up to €10bn ($14bn) of its borrowings by the middle of next year and could raise a further €7.5bn in asset disposals as it seeks to manage and reduce its massive debt load.
Market Report: Aviva gains on sector consolidation hopes (Independent)
The prospect of consolidation in the life insurance industry drove Aviva 3.3 per cent, or 11p, higher to 343p last night. As investors await the conclusion of the Resolution-Friends Provident saga, the bulls have been busy indulging in their favourite activity: identifying the next probable target in the sector. Although a consensus has yet to emerge, those rooting for Aviva received a shot in …
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