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Enel S.p.A. is an Italian electric utility company, the third-largest in Europe by market capitalization. Formerly a state-owned monopoly, it is now partially privatised with Italian government control: the largest shareholders are the Italian Ministry of Economy & Finance (13.9%) and the state-run bank Cassa Depositi e Prestiti (17.4%).
Its stock is traded on the Milan Stock Exchange under the symbol ‘Enel’. In late 2007, Enel began formal proceedings to delist its American Depositary Receipts from the New York Stock Exchange. The formerly sponsored depositary receipts now trade over the counter in the U.S. with very light trading volume under the symbols ENLAY and ESOCF. Dividend yield is currently around 6.5% (2009).
