Enel acquired Eletropaulo for $1.5bn.

Enel, an Italian multinational energy company that is active in the sectors of electricity generation and distribution, acquired Eletropaulo, a major Brazilian power distributor, for $1.5bn. “The acquisition of Eletropaulo is an important step forward for our Group in Latin America, strengthening our leadership in the important Brazilian distribution market in line with our strategic plan and our particular focus on the large metropolises of the world. We bring to São Paulo our expertise as one of the largest network operators at global level, and certainly the one with the most advanced grids in terms of digitalisation, efficiency and resilience. This expertise will be deployed in the São Paulo grid, strengthening and digitising the network, delivering benefits to Eletropaulo’s clients and continuing to drive value for Enel’s shareholders.” Francesco Starace, Enel CEO and General Manager,