ENEL PRODUZIONE COMPLETES DISPOSAL OF STAKE IN SF ENERGY FOR 55 MILLION EUROS

Published on Thursday, 29 January 2015

Rome, January 29th, 2015 – Today, the agreement signed on November 7th, 2014 by Enel Produzione S.p.A. (“Enel Produzione”), a subsidiary of Enel, on the sale of its stake in SF Energy S.r.l. was finalized for a consideration of 55 million euros. Of the entire stake, 50% was sold to SEL S.r.l. (the counterparty in the agreement), while the remaining 50% was sold to Dolomiti Energia S.p.A. following exercise of its pre-emption rights.

The disposal is part of the agreements between Enel Produzione and SEL – Società Elettrica Altoatesina S.p.A. signed on November 7th, 2014 and already disclosed to the market by Enel.  The agreements also provide for the sale of the 40% stake held by Enel Produzione in SE Hydropower S.r.l. for a consideration of 345 million euros. The latter transaction will be finalized only upon meeting the final condition provided for under the terms of the agreement, namely for SEL to obtain a bank commitment to provide the funding for the purchase of the equity stake. The condition is expected to be met by the end of the first quarter of 2015.

 

All Enel press releases now have smartphone and tablet versions.
Download Enel Mobile App from  Apple Store and Google Play

Price Sensitive | January, 29 2015

1663188-1_PDF-1.pdf

PDF (0.11MB)DOWNLOAD

Enel S.p.A. provides for the dissemination to the public of regulated information by using SDIR NIS, managed by BIt Market Services, a London Stock Exchange Group's company, with registered office at Milan, Piazza degli Affari, 6. For the storage of regulated information made available to the public, Enel S.p.A. has adhered, as from July 1st, 2015 to the authorized mechanism denominated “NIS-Storage”, available at the address www.emarketstorage.com, managed by the above mentioned BIt Market Services S.p.A. and authorized by CONSOB with the resolution No. 19067 of November 19th, 2014. From May 19th 2014 to June 30th 2015 Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by CONSOB with resolution No. 18852 of April 9th, 2014