The Commission for the Financial Market (CMF, due to its Spanish Acronym) validated the capital increase operation for US$ 3.0 billion, voted favorably by the Enel Americas Extraordinary Shareholder’s Meeting.
This will allow following the schedule established in April, that considers beginning the first preferential option period for share subscription ending June, with a 30 day duration, which will be followed by a second 24-day preferential period, completing the total share placement in September.
The objective of the US$ 3.0 billion capital increase is to strengthen the flexibility of the company’s balance sheet, in order to prepare it for a new stage of growth and to take advantage of potential strategic investment opportunities.