(Adds details on appointment of new Enersis CEO)
MILAN, Jan 26 (Reuters) - Italian utility Enel has approved the issue of bonds worth up to 1 billion euros ($1.1 billion) that will be offered in exchange for existing bonds, the company said on Monday.
The bond issues approved on Monday have to be carried out by the end of December.
In a statement, Enel also said it had named Luca D‘Agnese as head of its Latin American business Enersis following the resignation of Luigi Ferraris. D‘Agnese leaves his position as head of the group’s Eastern European operations to Roberto Deambrogio.
The appointment of D‘Agnese as chief executive of the Chile-based company will be voted on at Enersis’ board meeting on Thursday, sources at Enersis said.
Enersis distributes electricity in Chile, Argentina, Peru, Colombia and Brazil.
Enel has reorganised its south American business acquiring a 60.6 percent stake in Enersis from its own Spanish unity Endesa in a bid to simplify operations. ($1 = 0.8868 euros) (Reporting by Danilo Masoni; Additional reporting by Anthony Esposito in Santiago; Editing by Isla Binnie and Andrew Hay)