Enel rearranges Enersis holding

Enel rearranges Enersis holding

M&A

Italy’s Enel will offer to buy the 60.62% of Chilean firm Enersis that is owned directly and indirectly by its subsidiary Endesa, the company said on Thursday. Enel is offering to buy a 20.3% of Enersis and 100% of Endesa Latinoamerica which holds 40.32% of Enersis. It currently owns the stakes via a 92.06% holding in Endesa. The acquisition would be at market value, Enel said. Endesa’s board has established an independent internal committee to study the transaction, which is expected to take pl

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