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Ok to the sale of the stake in the Enel subsidiary to the Australian group
Ok to the sale of the stake in the Enel subsidiary to the Australian group
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Enel’s Open Fiber operation continues. Enel’s Board of Directors, meeting under the chairmanship of Michele Crisostomo, resolved to initiate procedures for the sale of a minimum of 40% and up to 50% of Open Fiber’s share capital to Macquarie Infrastructure & Real Assets, granting a. specific mandate in this regard. The other 50% of Open Fiber is controlled by Cassa Depositi e Prestiti.
The anticipated consideration in the event of the sale of 50% of Open Fiber’s share capital, equivalent to the entire shareholding of Enel, amounts to 2,650 million and includes the transfer to Macquarie of 100% of Enel’s part of the ‘loan for shareholders granted to open fiber. In case of sale of 40%, the agreed amount is 2.12 million.
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The final offer received by Macquarie Infrastructure & Real Assets to acquire from Enel between 40 and 50% of Open Fiber “establishes that if the closing of the transaction is after June 30, 2021, the consideration will be increased at a rate of 9% “. annual calculation as of July 1, 2021 and until the closing itself.
Enel shares today in Piazza Affari closed trading slightly up to € 8.17.
Open FIber participates in the project of a single network company together with Tim, which should be born in the first quarter of 2021. The merger between Open Fiber and FiberCop, the company controlled by Tim that manages the last mile of the network.
