MILAN (Reuters) - Italy’s biggest utility Enel (ENEI.MI) would look at any assets of smaller rival EDP (EDP.LS) that came to market in case of a break up of the Portuguese energy group, a source familiar with the matter said on Friday.
Earlier this month China’s state-owned utility China Three Gorges launched a bid to take control of Portugal’s biggest company in a deal that would be worth 9.07 billion euros (£7.9 billion).
Enel, which controls Spanish utility Endesa (ELE.MC), has previously said it is not interested in large-size acquisitions but would consider smaller bolt-on deals.
In an interview with Reuters in April Enel CEO Francesco Starace said the group would look at assets in Europe that came to market from break-ups.
Reporting by Stephen Jewkes; Editing by Catherine Evans