Enel sells its electricity generation assets to Niagara Energy

Enel sells its electricity generation assets to Niagara Energy

The operation is valued at US$1.4 billion and would be completed in the second quarter of 2024, prior authorization from the Peruvian authorities.

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Enel Perú and Enel América agreed to sell all of their shares in Enel Generalción Perú and Compañía Energética Veracruz to Niagara Energy, a company controlled by the British global investment fund Actis, according to the important fact published in the Superintendence of the Stock Market (SMV) this Tuesday, November 21. This operation is valued at US$1.4 billion, equivalent to a total company value of US$2.1 billion.

In this way, Niagara will be left with the division that Enel Perú (66.5%) and Enel Américas (20.4%) have over Enel Generación Perú, and with the 100% participation of Compañía Energética Veracruz.

It is detailed that the execution and closing of this operation would occur during the second quarter of 2024.after certain regular conditions are met, such as approval by Indecopi within the framework of Law 31112, a Law that establishes prior control of business concentration operations.

The Italian company would have made this decision in line with the divestment plan that it announced in November 2022 and that has included the sale of the entire stake in its Russian unit, as well as its assets in Brazil and Chile, as reported by the Diario LDS Financial.

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Source: Larepublica

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