Enersis Raises $625m from ADS

Enersis Raises $625m from ADS

Chile Equity

Enersis has raised $625m from the sale of American Depositary Shares (ADS), it says, as of the close of the ADS subscription portion of its $6bn equity follow-on. The Chilean holdco for LatAm assets of Spain’s Endesa sold 33.5m ADS, equal to 1.68bn shares. The domestic portion runs through Tuesday. In total, Enersis is offering up to 16.44bn shares at CLP173 each, targeting CLP2.84trn ($6.02bn). JPMorgan, BTG Pactual and Bank of America Merrill Lynch are global coordinators on the ADS sale, with

Already have an account?

Free trial

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

Free Trial