# Italy’s Enel sells 50% of its Australia green business to INPEX
Published: 2023-09-29
Category: Headlines
Category URL: https://blockchaintribune.com/category/headlines/
Meta Title: Enel sells 50% of Australia green business to INPEX
Meta Description: Enel finalizes sale of 50% ownership in Australian renewable activities to Inpex Corp, boosting core earnings by 95 million euros and benefiting consolidated ne
Tags: h2
Tag URLs: h2 (https://blockchaintribune.com/tag/h2/)
URL: https://blockchaintribune.com/italys-enel-sells-50-of-its-australia-green-business-to-inpex/

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## Italy’s Enel sells 50% of its Australia green business to INPEX   MILAN (Reuters) – Italy’s Enel said on Friday it has finalised the sale of 50% of the two entities owning the group’s renewable activities in [Australia](https://blockchaintribune.com/cricket-stokes-added-to-englands-ashes-squad/) to Inpex Corp.    The sale generated a positive impact on [Enel](https://blockchaintribune.com/ferrari-enel-x-plan-solar-plant-near-fiorano-test-track/) group’s core earnings of approximately 95 million euros, alongside an expected positive effect on the group’s consolidated net debt of around 142 million euros ($151 million).    ($1 = 0.9432 [euros)](https://blockchaintribune.com/brembo-q1-operating-profit-rises-on-record-sales/)        (Reporting by Francesca Landini, editing by Alvise Armellini)


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