Enel to acquire Endesa for €11.1 billion

Enel will now have a 92.06% shareholding in Endesa, in line with a contract signed between Enel and Acciona on March 26, 2007. It has also been agreed that €2.9 billion of operational wind and hydro assets will be transferred to Acciona from Endesa.

"With this acquisition Enel will gain full control of Endesa, a leader in Iberia and Latin America, with major growth opportunities," says Fulvio Conti, chief executive officer and general manager of the Enel Group. "Enel and Endesa will be able to sp

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