(Adds quotes, details, background)
ROME Feb 4 Italy's Treasury has not received an
expression of interest in its stake in utility Enel SpA
(ENEI.MI) from Chinese sovereign wealth fund CIC and has no
intention of selling its holding, a Treasury source said on
Newspapers in China and Italy have reported in recent days
CIC could be interested in a stake in Enel and its Enel Green
Power subsidiary and executives from the Chinese fund have held
meetings in Italy this week.
Italy's Treasury holds a direct 14 percent stake in Enel.
"The Treasury has not received any indication of interest in
Enel from the Chinese sovereign wealth fund," said the source.
"In any case, the Treasury has no intention of selling Enel
shares, which ... are quoted on the stock market and are
The CEO of the Italian power company, Fulvio Conti, said on
Wednesday he had met with representatives of CIC but declined to
comment on possible talks over Enel Green Power.
The CIC representatives also held meetings with the state
savings and loan institution CDP, which holds a 17 percent stake
in Enel. A source at the CDP, who confirmed the meeting, said
there was no discussion of its stake in ENEL.
Shares in Enel, which is due to report preliminary 2009
results on Thursday, have risen in recent days on speculation of
the Chinese interest.
(Reporting by Stefano Bernabei; Editing by David Holmes)