Enel Distribucion Chile S.A. (SNSE:ENELDXCH) agreed to spin-off all transmission assets of distribution business on October 30, 2020. Enel Distribucion would transfer all transmission assets to a new company called Enel Transmisión. Shareholders of Enel Distribucion Chile would hold the same number of shares in Enel Transmisión. Enel Distribucion will make a final decision on December 3, 2020 during an extraordinary shareholders meeting. The meeting will also discuss the creation of a Board of Directors, the appointment of an external auditor, and approve the statutes of the new firm. Transaction would take effect on January 1, 2021.