Enel Green Power signs agreement for the sale of Enel.Si

Rome

Enel.si is a company that operates in Italy, offering products and integrated solutions in the retail market for the installation of distributed renewable generation facilities and for energy savings and efficiency for end users, working through a network of franchisees, comprising over 700 specialized installers. In 2012, the company posted revenues of 215 million euros and an EBITDA of 13 million euros. The consideration recognized by Enel Energia for the entire share capital of Enel.si is equal to 92 million euros (subject to a price adjustment as of the date the transfer of the interest takes effect). Such a consideration has been set on the basis of the enterprise value as of December 31st, 2012 (equal to around 76 million euros) and the net financial position of the company at the same date, which was a positive 16 million euros.

The transfer of Enel.si does not change the targets of Enel Green Power

Source: IWR Online, 18 Jun 2013