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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.059 | 0.93% | 6.384 | 6.36 | 6.386 | 6.386 | 6.306 | 6.35 | 23,347,480 | 02:01:04 |
From May 2022 to May 2024
By Cristina Roca
Enel SpA has agreed to sell its Chilean electricity transmission business for $1.35 billion, it said Thursday.
The Rome-based energy company's listed Chilean subsidiary agreed to sell its 99.09% stake in Enel Transmision Chile to Sociedad Transmisora Metropolitana SpA and its controlling company Inversiones Grupo Saesa Ltda.--Chile's second-largest electricity distributor by geographic coverage.
The deal implies an enterprise value of $1.53 billion for the business, subject to adjustment.
STM plans to launch a full takeover bid, after which it will repay the business's intercompany loans.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
July 28, 2022 11:53 ET (15:53 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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