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Italy's Enel met with Brazil's power regulator last week, according to official minutes of the ​meeting, which occurred amid a spat over the firm's ‌concession in Sao Paulo, with authorities considering revoking the approval due to a series of outages in recent years during heavy rains.

Enel's Q1 results showed 4% EBITDA and net profit growth, with regulated networks now comprising 42% of EBITDA, offsetting weaker renewables and thermal generation. As ENLAY increasingly resembles an infrastructure platform rather than a traditional utility, the company may justify a higher valuation multiple over time. Ongoing buybacks create additional upside optionality.

Italian power company Enel requested a technical ​expert examination in a regulatory ‌proceeding that could result in the loss of its Sao Paulo ​distribution concession, according to ​a filing submitted to Brazil's ⁠energy regulator Aneel.

Italian utility Enel said on ​Thursday its ordinary core ‌profit rose 3.6% year-on-year in the first quarter ​as positive performances ​at its grid businesses ⁠in Spain and ​Latin America offset weakness ​in its domestic activities.

Fitch has downgraded the credit rating of Enel Brasil, a unit of Italian utility Enel , citing rising ​uncertainty over the renewal of the subsidiary's main distribution ‌concession in the South American country.