Italy's Enel Green Power to float on Monday
Italy's Enel will float its shares in its Enel Green Power subsidiary on Monday in the biggest initial public offering (IPO) in Europe since 2007.The flotation, for which plans have been suspended several times this year because of stock market weakness, is aimed at reducing the energy giant's debt.Enel announced on Friday that its renuable energy arm was valued at between 9.0 billion euros and 10.5 billion euros (12.7 billion dollars and 14.8 billion dollars), with a price range of between 1.80 euros and 2.10 euros per share.
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