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Enel may lose its power concession in the Brazilian city ​of Sao Paulo, putting at risk ‌financial and intangible assets worth 3.34 billion euros ($3.9 billion) and 595 million euros ​in goodwill, auditors said in the ​group's annual report.

Italy's biggest utility Enel will hire 1,000 ​new workers at its ‌power distribution unit E‑Distribuzione under an agreement with trade unions ​aimed at ending a ​two‑year labour dispute, unions said ⁠on Wednesday.

A unit of Italy's Enel in Sao Paulo, at risk of having its contract to distribute ​power taken away because of alleged poor performance, could ‌sell it to another company to avoid a financial loss, the head of Brazil's power regulator Aneel said on Thursday.

Brazil's power regulator Aneel decided on Tuesday ​to move forward with a forfeiture process that ‌could ultimately lead to the termination of a concession held by a local unit of Italian power company Enel in ​Sao Paulo, preventing the automatic renewal of its ​contract.

Enel moves into a new phase driven by higher CAPEX (especially in grids and renewables), with strong visibility from regulated RAB-based earnings and ~15 GW renewable expansion. EPS growth is expected at 5–6% CAGR (above consensus), supported by rising dividends and potential buybacks beyond €3.5 billion. Given the escalation in the Middle East, we expect a renewed focus on energy security in the EU, which is…