Enel reaches 64.9% of Enel Chile’s share capital

  • Enel has increased its shareholding in Enel Chile by an additional 3%, in line with Enel Group’s announced objective to increase its stake in the Group’s companies operating in South America, buying out minorities

 

Rome, July 7th, 2020 – Enel S.p.A. (“Enel”) has increased its stake in its Chilean subsidiary Enel Chile S.A. (“Enel Chile”) to 64.9% of the company’s share capital, by settling two share swap transactions (the “Swap Transactions”) entered into in December 2019 with a financial institution to acquire up to 3% of the share capital of Enel Chile, announced to the financial markets at the time.

Pursuant to the Swap Transactions, Enel has acquired:

·         1,502,106,759 shares of Enel Chile common stock; and

·         11,457,799 Enel Chile American depositary shares (“ADSs”), each representing 50 shares of Enel Chile common stock.

The above-mentioned securities represent, in the aggregate, 3% of Enel Chile’s share capital.

In accordance with the Swap Transactions, the total price paid for the shares of Enel Chile common stock and ADSs amounts to approximately 174 million US dollars, equal to around 154 million euros[1], and was funded through internal cash flow generation.

The above-mentioned transactions are in line with the Enel Group’s announced objective to increase its stake in the Group’s companies operating in South America, buying out minorities.

 

[1] Based on exchange rates as of July 3rd, 2020.

ENEL share swap in Enel Chile ENG

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For the dissemination to the public and the storage of regulated information made available to the public, Enel S.p.A. has decided to use respectively the platforms “eMarket SDIR” and “eMarket Storage”, both available at the address www.emarketstorage.com and managed by Spafid Connect S.p.A. with registered office in Milan, at Foro Buonaparte, 10. The aforementioned services are authorized by Consob (resolution No.19878 of February 15th, 2017, related to the mechanism for the dissemination to the public of regulated information “eMarket SDIR” and resolution No. 19879 of February 15th, 2017, related to the mechanism for the central storage of regulated information “eMarket Storage”). 
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