Turin/Rome, November 30, 2005 After receiving authorization from the antitrust authorities, Enel sold today to Fiat 49% of the capital stock of Leasys S.p.A. for a consideration of 33.5 million euros, determined on the basis of the criteria set forth in the agreement signed between the parties on September 30, 2005.
The company was established in September 2001 as a joint venture between Fiat and Enel. With revenues of 388 million euros reported in 2004, Leasys is market leader in Italy for long-term vehicle rental, with a fleet of over 86,000 vehicles.
Following the completion of the transaction, Fiat owns 100% of the capital stock of Leasys through its subsidiary Fidis Renting Italia S.p.A.
The transaction is in line with Fiats target to strengthen its position in the market of long-term rentals in Italy, and with Enels objective to focus on its energy core business.
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 Teleborsa S.r.l. - with registered office in Rome, at 4 Piazza Priscilla - as per CONSOB authorization and resolutions n. 22517 and 22518 of November 23, 2022.
From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.