EQUITY FOLLOW-ON: Enersis $6 bn equity raise

EQUITY FOLLOW-ON: Enersis $6 bn equity raise

Corporate & Sovereign Strategy

When Italy’s largest power company, Enel, and its Spanish subsidiary Endesa, looked for global growth opportunities, Latin America’s demographics made the region a frontrunner. Their plan to achieve this growth involved raising capital through a local Latin American subsidiary. The move offered a double benefit: bringing in expansion cash and a chance to streamline a tangled corporate structure that was a result of years of acquisitions. Endesa, with assets scattered across five Latin American countries, chose Chilean power company Enersis as the unit through which to consolidate its regional operations. “Endesa considered it best to have a single vehicle, and that Enersis offered the be

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