Enel Further Increases Offer for Eletropaulo
26 Abril 2018 - 10:14AM
Noticias Dow Jones
By Anthony Shevlin
Enel SpA (ENEL.MI) said late Thursday that it has further
increased its offer for Eletropaulo Metropolitana Electricidade de
Sao Paulo SA (ELPL3.BR).
The Italian company said it has increased its offer for
Eletropaulo to 32.2 Brazilian reais ($9.24) per share, from an
earlier offer of BRL32 per share.
The bidding war for Eletropaulo had escalated overnight on
Wednesday after rival bidders Iberdrola SA (IBE.MC) and Enel raised
their respective offers for the Brazilian utility.
The offer remains conditional upon, among other things, the
acquisition of a total number of shares representing more than 50%
of the share capital of Eletropaulo, said Enel.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
April 26, 2018 10:59 ET (14:59 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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