Enel Reaches 64.9% of Enel Chile’s Share Capital

Source: www.gulfoilandgas.com 7/7/2020, Location: South America

Enel S.p.A. has increased its stake in its Chilean subsidiary Enel Chile S.A. to 64.9% of the company’s share capital, by settling two share swap transactions (the “Swap Transactions”) entered into in December 2019 with a financial institution to acquire up to 3% of the share capital of Enel Chile, announced to the financial markets at the time.

Pursuant to the Swap Transactions, Enel has acquired:
- 1,502,106,759 shares of Enel Chile common stock; and
- 11,457,799 Enel Chile American depositary shares (“ADSs”), each representing 50 shares of Enel Chile common stock.

The above-mentioned securities represent, in the aggregate, 3% of Enel Chile’s share capital.

In accordance with the Swap Transactions, the total price paid for the shares of Enel Chile common stock and ADSs amounts to approximately 174 million US dollars, equal to around 154 million euros[1], and was funded through internal cash flow generation.

The above-mentioned transactions are in line with the Enel Group’s announced objective to increase its stake in the Group’s companies operating in South America, buying out minorities.


Senegal >>  7/22/2021 - FAR Limited provides the following company update.

Sale of Senegal RSSD comp...

Australia >>  7/20/2021 - Strike Energy has increased its economic interest in the West Erregulla gas project to 54% via the acquisition of an 8.16% strategic stake in the list...

Trinidad and Tobago >>  7/19/2021 - Trinity Exploration & Production plc (TRIN), the independent E&P company focused on Trinidad and Tobago, is today pleased to announce that a new Galeo...
Malaysia >>  7/16/2021 - Jadestone Energy plc (“Jadestone”), an independent oil and gas production company focused on the Asia Pacific region, is pleased to announce the satis...

United States >>  7/15/2021 - 88 Energy Limited ("88 Energy", 88E) is pleased to advise that in relation to the agreement with Alaska Peregrine Development Company LLC (APDC) for t...
Brazil >>  7/14/2021 - Petrobras, in continuation of the statement released on 08/21/2020, informs that it has completed the sale of its entire stake in eight onshore explor...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.