Shares of Enel S.p.A. (ETR: ENL) have continued their impressive recovery this week, boosted by interest from the global investment fund Wren House. Enel stock price has gained nearly 5% this week to almost completely erase the coronavirus-related losses. Fundamental analysis: Open Fiber attracts attention Enel Group, the Italian multinational energy giant, has attracted interest from global infrastructure investment fund Wren House for its stake in telecommunications company Open Fiber. Wren House is a subsidy of Kuwait’s sovereign wealth fund KIA. Accordingly, Wren House is looking to purchase a 50% stake that Enel holds in Open Fiber. Both companies declined

The post Enel stock price gains nearly 5% this week on interest from Wren House appeared first on Invezz.