Enersis Clinches Equity Minimum

Mar 27, 2013

Chile’s Enersis has passed the minimum rate of subscription in its equity capital raise that would allow controller Endesa to stay under a 65% ownership limit, it says, ahead of the close of the domestic subscription period late Tuesday. In the process targeting $6.02bn, minority holders had subscribed 3.17bn of the 16.44bn shares on offer through Monday, meaning the Spanish parent...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management