Enel Americas S A : signs agreement in Peru to sell distribution and advanced services businesses
April 06, 2023
Share
PRESS RELEASE
INTERNAL
Press Contact
T +56 9 94418795 comunicacion.enelamericas@enel.com
ENEL AMERICAS SIGNS AGREEMENT IN PERU TO SELL DISTRIBUTION AND ADVANCED SERVICES BUSINESSES
Santiago, April 7, 2023 - Enel Américas, through its subsidiary Enel Perú, has signed an agreement with China Southern Power Grid International (CSGI) to sell all of Enel Perú's shareholdings within the energy distribution and supply company Enel Distribución Perú S.A.A. and Enel X Perú S.A.C., a company dedicated to providing advanced energy services.
"As announced in our 2023-2025 Strategic Plan, our company focuses on concentrating our efforts in those countries where regulatory frameworks support a clear, orderly, and accelerated energy transition. This transaction perfectly aligns with our strategy, allowing us to continue working on maximizing the value of our investments in the countries where we operate. I am grateful for the work and commitment of all Enel employees in Peru who allowed us to invest in renewables, grid digitalization, and electrification of final consumption to add value to these assets of Enel Américas", said Maurizio Bezzeccheri, Enel Américas general manager.
The agreement establishes that CSGI will acquire the equity interest held by Enel Peru in Enel Distribución Perú (equivalent to 83.15% of the share capital) and Enel X Perú (equal to 100% of the share capital) for a total consideration of around US$2.9 billion, equivalent to a total enterprise value of around US$4 billion (on a 100% basis). In addition, the entire consideration will incorporate customary adjustments for this type of transaction, considering the time between signing and closing.
The sale closing is subject to certain conditions precedent customary for this type of transaction, including approval from the competent Peruvian antitrust authority (INDECOPI) and Chinese authorities for outbound direct investments (ODI).
Enel Americas SA published this content on 07 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 April 2023 20:17:16 UTC.
Enel Americas S.A., formerly Enersis Americas S.A., through its subsidiaries and jointly controlled entities, is engaged in the electricity generation, transmission and distribution businesses in Chile, Brazil, Colombia, Peru and Argentina. The Company operates through two segments: Generation and Transmission, and Distribution. The Company's Generation and Transmission segment operates through companies, including Central Comercializadora de Energia S.A. (Cemsa); Central Dock Sud S.A. (Dock Sud); Central Costanera S.A. (Costanera), and Hidroelectrica El Chocon S.A. (El Chocon). The Company's Distribution segment operates through companies, including Empresa Distribuidora Sur S.A. (Edesur); Ampla Energia e Servicos S.A. (Ampla), and Companhia Energetica do Ceara S.A. (Coelce). The Company is engaged in non-electricity business through its subsidiary, Servicios Informaticos e Inmobiliarios Ltda. (SIEI). It holds interest in Yacylec S.A., which is an electricity transmission company.
ENEL AMÉRICAS S.A. 
