Enel working to take control of Latam broadband grid Ufinet: Sources

MADRID: Europe’s biggest utility Enel is preparing to take full control of fibre optic network operator Ufinet by exercising an option to buy the 79% owned by private equity firm Cinven, three sources with knowledge of the matter said.

The sources cautioned a final decision on how the deal could be structured had not been taken.

Enel, which already owns 21% of the South American broadband operator, could pay up to 2.1 billion euros ($2.4 billion) for the majority stake it does not already own, the sources said.