Enel

M&A Activity • Sep 13, 2016

Informazione Regolamentata n. 0116-80-2016		Data/Ora Ricezione 13 Settembre 2016 11:22:40	MTA
Societa'	:	ENEL
Identificativo Informazione Regolamentata	:	78998
Nome utilizzatore	:	ENELN05 - Giannetti
Tipologia	:	IROS 02
Data/Ora Ricezione	:	13 Settembre 2016 11:22:40
Data/Ora Inizio Diffusione presunta	:	13 Settembre 2016 11:37:41
Oggetto	:	Enel's subsidiary Enersis Americas launches public tender offer for Endesa Americas free float
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ENEL'S SUBSIDIARY ENERSIS AMERICAS LAUNCHES PUBLIC TENDER OFFER FOR ENDESA AMERICAS FREE FLOAT

• Per-share price of 300 Chilean pesos confirmed as offer to Endesa Américas minority shareholders if the upcoming merger of the company in Enersis Américas takes place
• Offer period set to run from September 14th to October 28th, 2016

Rome/Santiago de Chile, September 13th, 2016 – Enel S.p.A. ("Enel") announces that the Board of Directors of its subsidiary Enersis Américas S.A. ("Enersis Américas"), meeting yesterday and following the outcome of the meeting of August 31st , 2016, approved the launch of a voluntary public tender offer for the shares of Enersis Américas's subsidiary Endesa Américas S.A. ("Endesa Américas").

More specifically, the public tender offer regards all of the shares and American Depositary Shares of Endesa Américas not held by Enersis Américas, which represent about 40.02% of the share capital of Endesa Américas. The price offered per share amounts to 300 Chilean pesos, for a total maximum outlay – assuming the offer is taken up in full – of about 984.7 billion Chilean pesos. The offer period is set to run from September 14th to October 28th, 2016.

The voluntary public tender offer, which was first announced in November 2015 as part of the corporate restructuring of the Enel Group in Latin America, is intended to facilitate and support the successful merger by incorporation of Endesa Américas and the other subsidiary Chilectra Américas S.A. into Enersis Américas, a transaction that the shareholders of the companies involved will be asked to vote on at their respective Extraordinary Shareholders' Meetings called for September 28th, 2016. The public tender offer is subject to the approval and effectiveness of the merger. The voluntary public tender offer is intended to give the minority shareholders of Endesa Américas the opportunity to liquidate their holdings at a set price in line with market conditions in the event that the abovementioned merger takes place.

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