Enel announces share sale

Enel announces share sale

Equity Energy Electricity Chile Brazil

Enel Américas, the Santiago-based subsidiary of the Italian power company Enel, has proposed a $3.5bn capital increase to finance investments and pay off debt from the acquisition of Eletropaulo in Brazil. The company has called a shareholders meeting on April 30 to discuss the capital increase, Enel Américas said in a securities filing. Shares in Enel Américas sank 10.3% to CLP121 ($0.19) after the announcement on Wednesday. "Nobody is capable of judging a plan like this in half an hour. Nobody

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