Endesa Tweaks Enersis Follow-on

Endesa Tweaks Enersis Follow-on

Chile Equity

Spain’s Endesa has set new terms for the controversial equity follow-on it has been preparing for its Enersis unit, resulting in a new CLP2.84trn ($5.96bn) valuation size that pleases Chile’s pensions. The electricity holdco plans to offer 16.44bn shares at CLP173.00 per share, it says. Shares closed at CLP167.26 Friday. The new total is at the low end of the $5.92bn-$6.56bn range Endesa had put out after scaling back from an original $8.02bn. The reduction comes after minority holders, namely t

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial