MADRID, Feb 28 (Reuters) - Spanish power utility Endesa (ELE.MC) , opens new tab is in advanced negoatiations to sell stakes in renewable assets and may have some news on the process in the first half of this year, its Chief Financial Officer Marco Palermo said on Wednesday.

Like its peers such as Repsol and Iberdrola, Endesa, which is controlled by Italy's Enel (ENEI.MI) , opens new tab is seeking to raise cash to invest in new renewable projects by selling more developed ones.

https://www.reuters.com/business/energy/endesa-advanced-talks-renewable-assets-stake-sale-2024-02-28/