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Enel Brasil closes acquisition of Celg Distribuição

Enel Brasil S.A. has finalised the purchase of approximately 94.8% of the share capital of Celg Distribuição S.A.
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Enel keeps growing: its subsidiary Enel Brasil S.A. (“Enel Brasil”) has finalised the purchase of approximately 94.8% of the share capital of Celg Distribuição S.A. (“CELG”), a power distribution company based in the Brazilian country of Goiás.

Enel CEO Francesco Starace defined the deal “an important milestone for our growth strategy in Latin America”. The remaining stake of around 5.1% of CELG will be offered to the company’s current and retired employees: the process will allow Enel Brasil to purchase the shares not bought by those employees in order to support people who have worked for the company.

An important milestone for our growth strategy in Latin America

Francesco Starace, Enel CEO

This acquisition will make Enel Brasil the second energy distributor in that country; after Italy and Iberia, Brazil will become the Group’s third market in terms of customers, which will grow from 7 to 10 million. The Group is already serving approximately 65 million worldwide.

Enel Brasil won the public tender for the privatisation of CELG, which was held last November. The transaction was already approved by Brazil’s antitrust authority CADE and the electricity regulator ANEEL.

We are fully committed to making the most of CELG’s growth potential, leveraging our technology expertise and our global best practices to strengthen the company’s service to its customers.

Francesco Starace, Enel CEO

Enel editorial staff