Endesa approves sale of its assets in Latin America to Enel

22 septiembre, 2014
endesa

endesa

The company said the operation will have to be approved by the General Meeting of Shareholders, which convened a special meeting on Oct. 21st.

The Board of Directors of Endesa energy company yesterday approved the sale of its assets in Latinamerica to its matrix Enel for US $ 10,670 million. The full amount will be distributed as cash among shareholders.

In a press release issued on Wednesday, Endesa said the operation will have to have the approval of the General Meeting of Shareholders and, therefore, convened a special meeting on Oct. 21st.

The Italian company Enel last week presented an offer to take over the 60.62% share of the Spanish electricity has in Enersis, a company’s assets are concentrated in Latin America.

Source: El Mercurio

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