Enersis Clinches Equity Minimum

Enersis Clinches Equity Minimum

Chile Equity

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 would be assured of staying below the 65% limit and avoid needing to make a required tag-along offer. The final res

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