Enel

M&A Activity • Apr 23, 2018

Informazione Regolamentata n. 0116-26-2018		Data/Ora Ricezione 23 Aprile 2018 23:20:51	MTA
Societa'	:	ENEL
Identificativo Informazione Regolamentata	:	102637
Nome utilizzatore	:	ENELN02 - Bonomo
Tipologia	:	2.2
Data/Ora Ricezione	:	23 Aprile 2018 23:20:51
Data/Ora Inizio Diffusione presunta	:	23 Aprile 2018 23:20:51
Oggetto	:	Enel backstops capital increase in Eletropaulo to facilitate tender offer process
Testo del comunicato

Vedi allegato.

Media Relations Investor Relations

T +39 06 8305 5699 T +39 06 8305 7975 F +39 06 8305 3771 F +39 06 8305 7940 ufficiostampa@enel.com investor.relations@enel.com

enel.com enel.com

ENEL BACKSTOPS CAPITAL INCREASE IN ELETROPAULO TO FACILITATE TENDER OFFER PROCESS

Enel to contribute at least 1.5 billion reais to Eletropaulo as a subsequent capital increase even in the event that none of the tender offers succeed, to facilitate a decision of the board of Eletropaulo to cancel the ongoing capital increase

Rome, April 23rd, 2018 – In connection with the voluntary tender offer (the "Offer") for Eletropaulo Metropolitana Eletricidade de São Paulo S.A. ("Eletropaulo") launched by Enel S.p.A.'s subsidiary Enel Brasil Investimentos Sudeste, S.A. ("Enel Sudeste"), announced to the market on April 17th, Enel Sudeste has confirmed its commitment, through an amendment released today to the terms of the Offer, to contribute funds to Eletropaulo for an amount of at least 1.5 billion Brazilian reais (equal to approximately 355 million euros at the current exchange rate) as a capital increase, in the event that none of the tender offers launched on Eletropaulo by various bidders succeed. With this commitment, Enel seeks to facilitate a decision by the board of directors of Eletropaulo to cancel the ongoing capital increase which, as currently envisioned, is creating undue interference with the tender offer process.

This commitment is an alternative to a similar undertaking by Enel Sudeste to subscribe to a capital increase of the same amount in the event that the Offer becomes successful, as announced to the market on April 19th, 2018.

The Offer, aimed at the acquisition of the entire share capital of Eletropaulo, was launched by Enel Sudeste at a price per share of 28.0 Brazilian reais, and is conditioned, among other things, upon the acquisition of a total number of shares representing more than 50% of the company's share capital, as well as to the cancellation of the ongoing capital increase.