Enel SpA (BIT:ENEL) entered into two new share swap transactions to acquire an additional 2.7% stake in Enel Américas S.A. (SNSE:ENELAM) on August 18, 2020 Post-completion, Enel SpA increased its stake in Enel Américas from 62.3% to 65%. The consideration has been funded through internal cash flow generation. The completion is expected to occur by May 2020. As of May 29, 2020, the transaction is expected to occur no later than the end of 2020.

Enel SpA (BIT:ENEL) completed the acquisition of an additional 5% stake in Enel Américas S.A. (SNSE:ENELAM) for approximately $320 million on August 18, 2020. As per terms, Enel SpA acquired 1.4 billion shares of Enel Américas common stock and 13 million Enel Américas American Depositary shares, each representing 50 shares of Enel Américas common stock.