Enel further improves its offer for Eletropaulo

  • Enel Sudeste has further increased the price of the voluntary tender offer for Eletropaulo from 32.0 to 32.2 Brazilian reais per share


Rome, April 26th, 2018 – Enel S.p.A.’s subsidiary Enel Brasil Investimentos Sudeste, S.A. (“Enel Sudeste”) announced today that it has further improved the terms of its voluntary tender offer (the “Offer”) for the acquisition of the entire share capital of Eletropaulo Metropolitana Eletricidade de São Paulo S.A. (“Eletropaulo”), launched on April 17th, 2018, by increasing the price per share from 32.0 to 32.2 Brazilian reais.

Under the terms of the improved Offer, the overall investment is expected to total up to approximately 5.4 billion Brazilian reais, equal to around 1.3 billion euros at the current exchange rate.

The Offer remains conditioned, among other things, upon the acquisition of a total number of shares representing more than 50% of the share capital of Eletropaulo.

Enel Eletropaulo second price increase ENG

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