Latham & Watkins has bagged a role advising Enel on its multibillion-euro offer for a stake in Endesa, as the energy giant’s takeover saga moves into its latest stage.

Latham was instructed last month to advise Enel – Italy’s largest power company – on the acquisition financing aspects of its €35bn (£23.8bn) joint offer with Acciona for a 46% stake in Endesa – an offer that was made earlier this week (11 April).