China's ENN Natural Gas seeks to privatise ENN Energy, values it at $11.6 billion

Reuters
03-26
China's ENN Natural Gas seeks to privatise ENN Energy, values it at $11.6 billion

March 26 (Reuters) - China's ENN Natural Gas 600803.SS said on Wednesday it is looking to privatise ENN Energy 2688.HK, valuing the clean energy distributor at HK$90.50 billion ($11.64 billion).

ENN Natural Gas has a controlling stake in ENN Energy.

($1 = 7.7754 Hong Kong dollars)

(Reporting by Rishav Chatterjee in Bengaluru; Editing by Shounak Dasgupta)

((Rishav.Chatterjee@thomsonreuters.com))

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