Enel says the purchase from Spanish construction group Acciona will include the transfer of €2.9bn worth of Endesa’s wind and hydropower energy assets to Acciona.
Acciona will receive €9.6bn from Enel, with the remaining €1.5bn being paid through an early dividend by Endesa. The move raises Enel’s stake in Endesa to 92.06%.
The long-expected deal will see Acciona, a Spanish construction and energy group, shed its 25% stake in Endesa less than two years after signing a joint management agreement with Enel to jointly control Endesa.
Acciona
