Enel assured that they have already complied with all the regulatory suspensive conditions for the transaction.
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Enel reported that the sale of its assets Enel Distribución Perú SAA and Enel X Perú SAC to the company China Southern Power Grid International (CSGI) “will be completed in the coming weeks.”
The Italian capital firm told the Chilean Financial Market Commission (CMF) that they had already met all the regulatory suspensive conditions to which the transaction was subject, so in the short term, respecting the terms and conditions of the purchase and sale contract. , the transaction would become effective.
It is worth noting that Indecopi authorized the sale of Enel to CSGI with certain conditions, among them, that Enel Distribución, when supplying energy from its related companies, does so through the bidding mechanism administered by Osinergmin or alternatively with a transparent and competitive in the presence of a notary and published promptly to the National Directorate for Research and Promotion of Free Competition.
Enel Américas will issue a guarantee from the parent company under Chilean law to ensure payment obligations to its subsidiary Enel Perú with detailed amounts and terms, not exceeding five years from the closing of the operation. The sale transaction is valued at nearly US$2.9 billion, with a total enterprise value of more than US$4 billion.
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Source: Larepublica
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