Enel to sell LaGeo stake to El Salvador

Italian power company Enel will sell its 36 percent stake in geothermal energy group LaGeo to El Salvador's government for $280 million, Salvadoran media reported.

The agreement ends litigation between Enel and El Salvador for control of LaGeo.

Enel filed for international arbitration in 2008 after it was denied a $100 million purchase for control of LaGeo.



Source: Bloomberg