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    Home > Chemicals Industry > International Chemical > Alitalia acquires a 73.4% stake in Brazil's largest distributor

    Alitalia acquires a 73.4% stake in Brazil's largest distributor

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    A few days ago, Italy's national electricity Enel announced that it has acquired a 73.
    4% controlling stake
    in Brazil's São Paulo Metropolitan Electricity Company (Eletropaulo).

    Alitalia acquires a 73.
    4% stake in Brazil's largest distributor

    The offer was accepted
    by Eletropaulo shareholders following the official auction.
    Enel will acquire 122.
    7 million shares
    for approximately R$5.
    55 billion at a price of R$45.
    22 per share.

    In addition to acquiring a controlling stake, Enel committed to injecting R$1.
    5 billion into Eletropaulo
    .

    To gain a controlling stake in Eletropaulo, Enel entered into a fierce bidding war
    with Neoenergia SA, a subsidiary of Spain's Iberdrola SA.
    While Brazil's Energisa SA was the first player to make a takeover proposal, it quickly dropped out of
    the competition.

    Local media said that through the acquisition, Enel will replace CPFL Energias Renovaveis, which has a controlling body of China's State Grid, as the largest electricity distributor
    in Brazil.

    A few days ago, Italy's national electricity Enel announced that it has acquired a 73.
    4% controlling stake
    in Brazil's São Paulo Metropolitan Electricity Company (Eletropaulo).

    National Electricity

    Alitalia acquires a 73.
    4% stake in Brazil's largest distributor

    Alitalia acquires a 73.
    4% stake in Brazil's largest distributor

    The offer was accepted
    by Eletropaulo shareholders following the official auction.
    Enel will acquire 122.
    7 million shares
    for approximately R$5.
    55 billion at a price of R$45.
    22 per share.

    In addition to acquiring a controlling stake, Enel committed to injecting R$1.
    5 billion into Eletropaulo
    .

    To gain a controlling stake in Eletropaulo, Enel entered into a fierce bidding war
    with Neoenergia SA, a subsidiary of Spain's Iberdrola SA.
    While Brazil's Energisa SA was the first player to make a takeover proposal, it quickly dropped out of
    the competition.

    Local media said that through the acquisition, Enel will replace CPFL Energias Renovaveis, which has a controlling body of China's State Grid, as the largest electricity distributor
    in Brazil.

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