Rome, April 17th, 2018 – Enel S.p.A. (“Enel”) announces that, today, Enel Brasil Investimentos Sudeste, S.A. (“Enel Sudeste”), a company fully owned by Enel’s Brazilian subsidiary Enel Brasil S.A. (“Enel Brasil”), has launched a voluntary tender offer for the acquisition of the entire share capital of Brazilian power distribution company Eletropaulo Metropolitana Eletricidade de São Paulo S.A. (“Eletropaulo”), for a price per share of 28.0 Brazilian reais and conditioned on the acquisition of a total number of shares representing more than 50% of the company’s share capital (the “Offer”).
The overall investment under the Offer is expected to total up to 4.7 billion Brazilian reais, equal to 1.1 billion euros at the current exchange rate. Enel’s subsidiary Enel Americas S.A., which is Enel Brasil’s controlling shareholder, will provide Enel Sudeste with the necessary financing for this investment.
The transaction is in line with the Enel Group’s current strategic plan and, if successfully executed, would mark another step forward in strengthening the Group’s presence in the Brazilian distribution sector.
The exercise of the voting rights of the shares acquired by Enel Sudeste in the Offer is subject to the approval of the Brazilian antitrust authority (the Administrative Council for Economic Defense or “CADE”) and the exercise by Enel Sudeste of control over Eletropaulo is subject to the approval of the Brazilian energy regulator (Agência Nacional de Energia Elétrica or “ANEEL”).
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”).
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.