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).

Latham's team was led by corporate partner Michael Immordino, who works out of the firm's Milan and London offices, and City-based finance partner Dominic Newcomb.

The Los Angeles giant's Spanish managing partner, Jose Luis Blanco, is advising the client on local law in a boost to Latham's fledgling Spanish practice, which was launched earlier this year.

Leading Italian independent Gianni Origoni Grippo & Partners was called in to advise Enel on Italian aspects of the bid.

Commenting on the instruction, Immordino said: "This is a great assignment for [Latham] and we are delighted to have been granted this opportunity to work with Enel on such a strategic transaction. We have worked with Enel in the past and hope to continue to work with them in the future."