Enersis Targets 2013 Equity Raise

Enersis Targets 2013 Equity Raise

Chile Europe Equity

Spain’s Endesa hopes to complete a planned $8bn capital increase for its Enersis LatAm holdco in 1Q 2013, it says, and will put it to a shareholder vote in December. Enersis had hoped to have the vote this month when first announcing the process, but had to backtrack when investors raised concerns and regulators imposed conditions, including an independent evaluation. At issue was Endesa’s contribution with assets, rather than cash, and whether those assets were being valued correctly at $4.86bn

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