Shareholders of Enel Americas approve US $3 billion in capital increase

The shareholders of the energy group Enel Américas approved on Tuesday the capital increase of US $3 billion aimed at improving the business in Brazil.

The capital increase was approved by 71.97% of the votes during an extraordinary assembly in Santiago.

Last week, Enel Americas announced that it had reduced its bet for a capital increase by US $500 million, since in previous meetings with shareholders’ could not reach a consensus on the amount.

The company, controlled by Italy’s Enel, has indicated that the operation will serve to settle debts associated with the purchase of Brazilian generator Eletropaulo and the restructuring of pension fund liabilities in that company.

“We will use these funds to optimize the company’s operation in Brazil,” Enel Americas CEO Maurizzio Bezzeccheri told reporters.

“This will open the possibility for future indebtedness,” the executive added, noting that the company is attentive to markets such as Brazil, Peru and Colombia, without giving more details on new acquisitions for now.

Enel Americas manages Enel’s generation, transmission and distribution assets in Argentina, Brazil, Colombia and Peru.

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