# PPC to acquire Enel's Romanian operations for EUR 1.26B

Public Power Corporation S.A. (PPC) signed a binding agreement to acquire all of Enel's equity interests in Romania for a total consideration of approximately EUR 1,260 million. The acquisition includes a renewables portfolio, electricity distribution and supply businesses, and is expected to close by Q3 2023.

- Type: Acquisition
- Announced: 2023-03-09
- Where: Romania
- Value: $1.33B (1.26B EUR)
- Status: announced
- Products: electricity distribution, electricity supply, renewable energy
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Enel](https://endata.com/companies/8759.md) (partner)
- [Public Power Corporation](https://endata.com/companies/27531.md) (acquirer)

## Sources

- [ppcgroup.com](https://www.ppcgroup.com/en/investor-relations/announcements/stock-news/stock-news-2023/ppc-signs-agreement-to-acquire-enel-s-romanian-operations/), 2023-03-09: "This acquisition is fully consistent with what we have presented in our November 2021 strategic plan, which assumed international expansion in the Southeastern Europe area"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.