MILAN (Thomson Financial) - Enel SpA has bought a stake of about 10percent in Indonesian Coal producer Bayan Resources in a move aimedat securing coal supply contracts, the daily Il Corriere della Serareported.

    The Italian power company bought the stake in an initial publicoffering and paid 150 million euros, the newspaper said, citingrumours circulated on the Indonesian market.

    Indonesia is Enel's largest coal supplier and it is followed bySouth Africa, Colombia, Russia, and Australia.

    danilo.masoni@thomsonreuters.com

    dm/jlw

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