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Italian utility Enel announced the completion of its restructuring
in Chile.
Advancing Group Streamlining Albertitalia completes the restructuring of its company in Chile
As a final precondition to Enel's restructuring in Chile, through a public takeover offer, Enel Chile SA increased its stake in Enel Generacion Chile to 93.
55% from 60%
previously.
A public tender offer to pay for and subscribe for shares of Enel Chile will take place
on April 2.
On the same day, the integration of Enel Green Power Latin America SA, a renewable energy-focused company, into Enel Chile will also take effect
.
This initiative is part of the Group's
simplification process.
Group simplification is one of
the five pillars of Enel's 2018-2020 strategic plan.
Enel aims to reduce its operations in South America to at least 30 by 2020, up from 53 companies in South America at the end of 2017
.
After the restructuring, Enel's direct and indirect stake in Enel Chile jumped from 60.
6 percent to about
62 percent.
At the same time, the economic interests of Enel Group companies in Chile increased by more than 58%.
，
Italian utility Enel announced the completion of its restructuring
in Chile.
Advancing Group Streamlining Albertitalia completes the restructuring of its company in Chile
Advancing Group Streamlining Albertitalia completes the restructuring of its company in ChileAs a final precondition to Enel's restructuring in Chile, through a public takeover offer, Enel Chile SA increased its stake in Enel Generacion Chile to 93.
55% from 60%
previously.
A public tender offer to pay for and subscribe for shares of Enel Chile will take place
on April 2.
On the same day, the integration of Enel Green Power Latin America SA, a renewable energy-focused company, into Enel Chile will also take effect
.
This initiative is part of the Group's
simplification process.
Group simplification is one of
the five pillars of Enel's 2018-2020 strategic plan.
Enel aims to reduce its operations in South America to at least 30 by 2020, up from 53 companies in South America at the end of 2017
.
After the restructuring, Enel's direct and indirect stake in Enel Chile jumped from 60.
6 percent to about
62 percent.
At the same time, the economic interests of Enel Group companies in Chile increased by more than 58%.
，
