The board of directors of Endesa, a Spanish company 92,06% controlled by Enel, has accepted the proposal of the Italian parent company, to which it will sell 60,62% of the Chilean company Enersis for 8,25 billion euros ($10,7 billion). Endesa will therefore remain almost entirely focused on the domestic market.
In a subsequent note, Enel adds that it has also been approved “the distribution by Endesa of a extraordinary dividend in cash for a total amount of euro 8,25 billion (equal to euro 7,795 per share), substantially equivalent to the consideration received by Endesa for the aforementioned sale of 60,62% of the share capital of Enersis and the payment of which will be subordinate upon execution of the sale itself".
At the opening of Piazza Affari, Enel shares dropped 0,33%, a 4,186 euro.
