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Enel announces that Enel Perú – controlled by Enel through the Chilean listed company Enel Americas – has completed the sale of its entire shareholdings in the electricity generation companies Enel Generacion Perú and Compania Energética Veracruz to Niagara Energy.
The operation – specifies the Enel note – generated a reduction in the Group’s consolidated net debt of approximately 1.3 billion dollars (equal to 1.2 billion euros) in 2024, which adds up to approximately 400 million euros recognized in 2023, mainly due to the reclassification as “held for sale” of the assets and liabilities relating to generation assets in Peru. Similarly, the operation generated a positive impact on the Group’s reported net profit in 2024 of approximately 7 million euros, while it has no impact on the Group’s ordinary economic results.
In particular, Enel Perú sold the shares held in the share capital of Enel Generacion Perú (equal to approximately 86.95%) to Niagara Energy SAC, a Peruvian company controlled by the global investment fund Actis, as part of a total takeover bid launched by Niagara Energy and in the share capital of Compania Energetica Veracruz (equal to 100 percent).
The sale, foreseen in the 2024-2026 Strategic Plan – recalls the company – is in line with the objective of guaranteeing the Group a solid and sustainable financial structure and of increasing the share of capital invested in the geographical areas where the Group has focused its Strategic Plan.