Enel, an Italian multinational manufacturer and distributor of electricity and gas, completed the acquisition of an additional 5% stake in Enel Americas, a South American subsidiary of Enel, for €639m ($778m). The transaction is in line with the Enel Group’s announced objective to buy out minorities in subsidiaries operating in South America. On August 18, 2020, Enel acquired an additional 2.7% stake in Enel Americas for $324m, increasing its stake to 65%.