IN BRIEF: Endesa shareholders accept Enel offer

Tuesday, October 21, 2014

Endesa Spain shareholders accepted the previously announced offer by Italy's Enel to acquire a 60.6% stake in Chilean power holding company Enersis.

The transaction price reaches 8.25bn euros (US$10.5bn), Endesa said in a filing to Spain's securities regulator CNMV. The Madrid-based group plans to refocus on the Iberian market.

Start your 15 day free trial now!


Already a subscriber? Please, login