Enel Chile Announces Major Capital Increase in Affiliate

Enel Chile SA (ENIC) has released an update.

Enel Chile S.A. has announced a significant capital injection into its affiliate Enel X Way Chile SpA, totaling over 5 billion Chilean pesos, which will be paid in full with cash. This move will increase Enel Chile’s stake from 49% to approximately 62.5%, making it the majority shareholder and parent company, with no anticipated major impact on Enel Chile’s financial position.

For further insights into ENIC stock, check out TipRanks’ Stock Analysis page.