Enersis Lowers Capital Raise Sights

Enersis Lowers Capital Raise Sights

Chile Equity

Chile’s Enersis has scaled back plans for a controversial capital increase, and will now target $5.92bn-$6.56bn, it says instead of $8.02bn. Shareholders decide on the plan December 20, with the process to be completed within six months of approval. The utility holdco originally announced the deal in July, but has met stiff resistance from both regulators and minority shareholders. Spain’s Endesa, the controller, had planned to subscribe its share with $4.86bn in LatAm assets it holds outside of

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