Enel further improves its offer for Eletropaulo

Published on Thursday, 26 April 2018 16:27

  • Enel Sudeste has further increased the price of the voluntary tender offer for Eletropaulo from 32.0 to 32.2 Brazilian reais per share

 

Rome, April 26th, 2018 – Enel S.p.A.’s subsidiary Enel Brasil Investimentos Sudeste, S.A. (“Enel Sudeste”) announced today that it has further improved the terms of its voluntary tender offer (the “Offer”) for the acquisition of the entire share capital of Eletropaulo Metropolitana Eletricidade de São Paulo S.A. (“Eletropaulo”), launched on April 17th, 2018, by increasing the price per share from 32.0 to 32.2 Brazilian reais.

Under the terms of the improved Offer, the overall investment is expected to total up to approximately 5.4 billion Brazilian reais, equal to around 1.3 billion euros at the current exchange rate.

The Offer remains conditioned, among other things, upon the acquisition of a total number of shares representing more than 50% of the share capital of Eletropaulo.

Price Sensitive | April, 26 2018

Enel further improves its offer for Eletropaulo

PDF (0.06MB)DOWNLOAD

Enel S.p.A. provides for the dissemination to the public of regulated information by using SDIR NIS, managed by BIt Market Services, a London Stock Exchange Group's company, with registered office at Milan, Piazza degli Affari, 6. For the storage of regulated information made available to the public, Enel S.p.A. has adhered, as from July 1st, 2015 to the authorized mechanism denominated “NIS-Storage”, available at the address www.emarketstorage.com, managed by the above mentioned BIt Market Services S.p.A. and authorized by CONSOB with the resolution No. 19067 of November 19th, 2014. 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