Enel is planning to cut renewable investments (from €17 bln to €12.1bln), spend more on grids and pledged more fiscal discipline, under the new management. Italy will account for 49% of investments. Enel’s debt was €69 bln at the end of 2022 and should be cut by €11.5 bln by the end of 2024. The group will exit Argentina, Peru and Romania.

Germany will cease sales of inflation-linked bonds starting next year, the country’s Federal Finance Agency said. Germany has four outstanding inflation-linked bonds totaling €66.25 bln with remaining maturities between 2.5 and 22.5 years. The nation’s outstanding inflation-linked securities will continue to be tradable on the open market.