Enel to Increase Stake in Chilean Subsidiary
16 Octubre 2018 - 01:29AM
Noticias Dow Jones
By Cristina Roca
Enel SpA (ENEL.MI) said Tuesday that it has entered into two
share-swap transactions with a financial institution to increase
its stake in Enel Americas SA (ENELAM.SN), its Chilean
subsidiary.
The Rome-based energy company currently holds 51.8% of Enel
Americas shares and said the transaction will allow it to increase
its stake by up to 5% by the end of next year. The transaction will
be funded through internal cash-flow generation, Enel said.
Enel is buying out minorities in South America as part of its
2018-2020 strategic plan, it said in a press release.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
October 16, 2018 02:14 ET (06:14 GMT)
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