The price range is from a minimum of 9 billion euros to a maximum of 10.5 billion euros.
Enel SpA ("Enel") announces that it has determined the price range for shares of Enel Green Power S.p.A. (“EGP”), in order to enable the receipt of expressions of interest from institutional investors as part of the global offering of EGP shares to be listed on regulated markets in Italy and Spain.
The price range is from a minimum of 9 billion euros to a maximum of 10.5 billion euros (equal to a non-binding minimum price of 1.80 euros per share and a binding maximum price of 2.10 euros per share, the latter equal to the maximum placement price).
The final price at which the EGP shares will be placed – which may not exceed the maximum placement price indicated above and which will be identical for both the public offering and the offering for institutional investors – will be determined by Enel in consultation with the Global Coordinators and Joint Bookrunners at the end of the offer period, taking account, inter alia, of conditions in financial markets in Italy and abroad, the volume and quality of the expressions of interest received from institutional investors, as well as volume of applications received in the public offering.
Enel is making a public offering of minority stake and has asked to be listed on the stock markets of Milan, Madrid, Barcelona, Bilbao and Valencia.
The offering can be subscribed by institutional Italian and international investors and, through an Initial Public Offering, by every Italian and Spanish money saver.
Enel Green Power’s public listing is a new investment occasion and a major opportunity to participate in the growth of renewable sources, which today symbolize the future of energy and of all people.