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Enel: investors welcome new strategic plan.

(CercleFinance.com) - Italian utility giant Enel today presents its 2018-2020 strategic plan to investors in London, which sends the shares up over 2% in Milan.

The group said it forecasts total capex of 24.6 billion euros over the next three years, up 500 million euros compared to the 2017-2019 plan.

Out of this amount, digitalisation should represent a 5.3 billion euros investment, up 600 million euros from the previous plan, in a move to digitalise the group's asset base, operations and processes.

Enel says enhanced connectivity should generate 1.9 billion euros cumulative incremental EBITDA contribution between 2018 and 2020, up by 300 million euros vs. the previous plan.

The group has also decided to pay a minimum dividend of 0.28 euro per share for 2018, up 33% increase relative to the minimum target for 2017, as presented last year.

All these announcements had a positive impact on the shares, which is currently up 2.6% at 5.35 euros this morning.

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