Enel received the first non-binding offers for the purchase of Enel Factor (Enel’s factoring activities), that would be offered for sale by the electric group, guided by the Ceo Francesco Starace, because no longer considered core business of the group. Debtwire reports that in the race to acquire Enel Factor there would be some Italian and international banks and some private equity funds with a specific focus on the financial sector. According to press reports, the procedure for the purchase of Enel Factor started few days ago, and the same procedure is expected to be closed after the summer, perhaps already in early autumn. According to Il Sole 24 Ore (see Il Sole24 Ore), one of the most likely contenders should be the Italian banking group Intesa Sanpaolo, but the candidates group should also include other Italian medium-sized banks. Enel Factor offers products exclusively dedicated to suppliers of the Enel group operating in the domestic and international markets, supporting them with financial resources and credit management. Among the main services there is the management of corporate credits. Depending on the type of credits, the duration and the product sector, Enel Factor uses advanced computer systems to produce return flows for the customers, so that the assignor companies can transfer the numerous and onerous obligations related to the processing of the credits: such as accounting, monitoring and collection. Another important service offered is the anticipation of receivables that transforms the deferred payment of debtors into cash. The company is an attractive target despite its small size. Enel Factor, in fact, would have a value of around 100 millions euro, but in terms of interest for the buyer the size would be offset by the names of the customers and by portfolio, both interesting. Enel Factor ménages approximately 1 billion of Euros with a net profit of 4 million Euros.