Endesa (NYSE:ELE)
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From Jul 2019 to Jul 2024
ENDESA (NYSE:ELE):
-- Sechilienne-Sidec produces electricity and steam at thermal
plants that use coal and sugar cane waste on the islands of
Guadalupe and Martinique in the Caribbean and Reunion and
Mauritius in the Indian Ocean.
-- The gross capital gain from the sale amounts to Euro 68
million.
-- The sale forms part of ENDESA's policy of disposing of
non-core assets.
ENDESA's (NYSE:ELE) 65% owned French subsidiary, SNET (Societe
Nationale d'Electricite et de Thermique), has finalised the sale
(dated 21 September) of its 23.62% shareholding in power generator
Sechilienne-Sidec to UK-based fund manager Ecofin Limited for Euro
103.6 million, or Euro 320 per share.
The gross capital gain from the sale amounts to Euro 68 million.
On 12 July, SNET and Ecofin Limited signed an agreement under
which Ecofin would acquire the French company's stake in
Sechilienne-Sidec.
Sechilienne-Sidec produces electricity and steam at thermal plants
that use coal and sugar cane waste on the islands of Guadalupe and
Martinique in the Caribbean and Reunion and Mauritius in the Indian
Ocean. It also develops wind energy in France.
The sale forms part of ENDESA's policy of disposing of non-core
assets.
This document may contain certain forward-looking statements
regarding anticipated financial and operating results and statistics
that are subject to risks and uncertainties as well as to material
risks, changes and other factors which may be difficult to predict,
including, without limitation, those factors described in the
Documento de Registro de Acciones of Endesa filed within the Comision
Nacional del Mercado de Valores and in the Form 20-F of Endesa filed
within the Securities and Exchange Commission, both for the fiscal
year ended December 31, 2004. For all of these forward-looking
statements, we claim the protection of the safe harbour for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995.