ENEL GROUP BEGINS REORGANIZATION OF RENEWABLE BUSINESS IN CENTRAL AND SOUTH AMERICA

GO ECO GREEN21

ENERGIA LIMPIA XXI. Enel S.p.A. (“Enel”) announced that the Board of Directors of its Chilean listed subsidiary Enel Américas S.A. (“Enel Américas”) has resolved to commence the process for the approval of a merger, in order to carry out a corporate reorganization of the Enel Group’s shareholdings aimed at integrating the non-conventional renewable energy businesses of the Enel Group in Central and South America (except Chile) into Enel Américas.

The transaction, consistent with Enel’s strategic objectives, allows for further simplification of the Group corporate structure and aligns Enel Américas’ business set-up to the rest of the Group. A report carried by Energía Limpia XXI magazine states that the corporate reorganization foresees the integration in Enel Américas of the current non-conventional renewable assets of the Enel Group in Argentina, Brazil, Colombia, Costa Rica, Guatemala, Panama and Peru, through a series of transactions culminating in a merger into Enel Américas. Such merger…

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