Enel Increases Stake in Enel Americas Subsidiary
10 Abril 2019 - 10:50AM
Noticias Dow Jones
By Patrick Costello
Enel SpA (ENEL.MI) said Wednesday that it increased its stake in
its Chilean subsidiary Enel Americas as part of a wider bid to
reduce minority interests in the company's South American
subsidiaries.
The Rome-based energy company raised its shareholding in Enel
Americas to 56.42% from 51.8%, it said. Enel said it paid a total
of roughly 412 million euros ($464 million) for the increased
stake.
The move is in line with the Enel Group's 2019-21 strategic
plan, which is focused on the reduction of minorities in its
subsidiaries operating in South America, Enel said.
Write to Patrick Costello at patrick.costello@dowjones.com.
(END) Dow Jones Newswires
April 10, 2019 11:35 ET (15:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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