Enel formally initiates bid for 10% of shares in subsidiary Enel Américas

Italian firm Enel has formally launched a voluntary public tender offer for the acquisition of up to 7,608,631,104 shares issued by its subsidiary Enel Américas S.A., equivalent to 10% of its current share capital. The offer is conditional on the effectiveness of the merger by incorporation of Enel Green Power Américas into Enel Américas, which will take place on 1 April.

Source: La Tercera