Chile: Enersis board approves Latin America-wide merger

Shareholders for Italian holding company Enersis have voted in favor of merging the multinational’s Latin American companies. The operation was approved by 88.4% of stockholders, with 3.4% rejecting it outright.

The decision kick-starts a process by which Enersis will absorb Chilean energy companies Endesa Américas and Chilectra Américas, thereby bringing to a close the re-shuffling of assets in the region that began with the Enel holding company. Enersis will also change its local image, taking up the names Enel Chile and Enel Américas.

The road will take the company through a series of steps that are required before this operational merger takes place, including the right to widhdraw, issuing an IPO or trading stock in Endesa and Chilectra for Enel América’s.

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