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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Enel Spa | BIT:ENEL | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.026 | 0.42% | 6.226 | 6.226 | 6.227 | 6.259 | 6.215 | 6.215 | 7,175,188 | 11:23:20 |
From Apr 2019 to Apr 2024
By Alberto Delclaux
Enel SpA (ENEL.MI) has improved the terms of its offer for Eletropaulo Metropolitana Electricidade de Sao Paulo S/A (ELPL3.BR) by making a commitment to back the Brazilian company's plan for a capital increase of 1.5 billion Brazilian reais ($442.7 million).
Enel announced the improved offer late on Thursday. Earlier in the week it launched a tender offer to acquire the power-distribution company for up to BRL4.7 billion, or BRL28 a share, topping Iberdrola SA's (IBE.MC) bid of BRL25.51 a share.
As part of its offer, Iberdrola also said it would back Eletropaulo's planned capital increase.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
April 20, 2018 03:09 ET (07:09 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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