Martedì, 25 Settembre 2018
ROME

Enel Brasil bids for Eletropaulo (3)

English
© ANSA

Rome, April 17 - Enel Brasil's investment arm Enel
Brasil Investimentos Sudeste on Tuesday launched a takeover bid
for Sao Paulo power company Eletropaulo Metropolitana
Eletricidade de São Paulo.
The bid is at 28.0 Brazilian real per share, sources said.
The overall investment expected "amounts to a maximum of 4.7
billion Brazilian real, at current exchange rates 1.1 billion
euros."
Italian electricity giant Enel said the bid is "conditional
on the acquisition of a total number of shares representing more
than 50% of the share capital".

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