Enel to remove LatAm division from NYSE

Enel to remove LatAm division from NYSE

Equity Corporate & Sovereign Strategy Capital Markets Energy Electricity Gas Chile Italy United States

Italian power company Enel said its Latin American division Enel Américas will delist from the New York Stock Exchange (NYSE) later this month after a tender offer last year left it with too few outstanding shares to justify trading on the US exchange. Enel Américas' shares on the NYSE represent 2.49% of its common stock and the costs associated with maintaining its listing exceed the benefits, given that the primary market for its shares is the Santiago stock exchange, the company said in a sta

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