MILAN (Thomson Financial) - Alfonso Iozzo, the chairman of state-owned
financial company Cassa Depositi e Prestiti SpA, said the European directive on
network unbundling is more innovative than existing national legislation and
indicated it could present the company with more options for its stakes in Terna
SpA and Enel SpA.
"It could be more open," Iozzo said, referring to last September's EU
directive on network unbundling.
CDP, which owns 10.35 percent of Enel SpA, owns 29.99 percent of grid
operator Terna SpA.
In January last year a ruling by an Italian administrative appeals court,
upholding an antitrust decision, said CDP must sell either its stake in Terna or
its stake in Enel.
Iozzo said CDP has still not made any decision on its stakes in Terna and
Enel.
CDP, which also owns 9.99 percent of Eni SpA, has until June 2009 to decide.
stephen.jewkes@thomsonreuters.com
sj/sal
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