Enel to merge Central and South American subsidiaries into one business


The Enel Group is set to integrate its subsidiaries in Central and South America into a single brand.

The development follows the Board of Directors of the group’s Chilean listed subsidiary Enel Américas S.A. approving a merge with other subsidiaries.

This means current non-conventional renewable assets of the Enel Group in Argentina, Brazil, Colombia, Costa Rica, Guatemala, Panama and Peru will be integrated into Enel Américas.

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The integration allows for further simplification of the Group’s corporate structure and aligns Enel Américas’ business set-up to the rest of the Group.

The merger allows an increase of Enel’s stake in Enel Américas, as well as ensures a resilient financial position of Enel Américas that fuels the future development of the renewable business and growth prospects of the company.

The integration now awaits an amendment of the by-laws of the latter by the shareholders’ meeting to remove the existing limitations whereby a single shareholder may not hold more than 65% of the voting rights.

The said shareholders’ meeting shall also approve the merger as transaction with related parties in compliance with the applicable laws and regulations.