Enel has accepted a ?1.4bn ($1.7bn) offer from a Deutsche Bank-led consortium to buy 887 properties as the Italian utility refocuses on its core electricity and gas business. The deal will provide Enel with a capital gain of ?200m and by renegotiating rents for properties Enel still occupies, the group also expects to see a net profit gain of ?20m for 2004 after the transaction is closed.
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