Enel Russia and Kuzbassenergo signed Reftinskaya GRES sale-purchase agreement

Published on Thursday, 20 June 2019 09:25

Rome, June 20th, 2019 – Enel S.p.A. (”Enel”), following its June 6th press release, informs that, today, its Russian subsidiary Enel Russia PJSC (“Enel Russia”), as the seller, and JSC “Kuzbassenergo”, owned by Siberian Generating Company (SGC), as the purchaser, signed the sale-purchase agreement for the disposal of Reftinskaya GRES coal-fired power plant, whose consideration includes an amount and related adjustments as disclosed in the abovementioned press release.

The sale and purchase agreement shall enter into effect once Russia’s Federal Antimonopoly Service approves the transaction, and the terms and conditions of the transaction are approved by Enel Russia’s Extraordinary Shareholders Meeting to be held on July 22nd, 2019.  

The expected timeline for the transfer of Reftinskaya GRES ownership to JSC “Kuzbassenergo” is within 18 months from the entry into effect of the sale-purchase agreement.

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