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Enel, Europe's most indebted utility, plans to sell more than 4 billion euros ($5 billion) in assets by the end of 2014 to reduce its debt.
Enel is seeking to sell assets in Romania and binding offers for these assets are also seen by the end of November.
Starace, speaking in a parliamentary hearing, said the ratings agencies had told the group in November to cut its debt to around 37 billion euros if its ratings were to be maintained.