August 25, 2017 / 8:50 PM / a year ago

Enel set to shake up renewables ownership in Chile

SANTIAGO, Aug 25 (Reuters) - The board of Enel Chile SA said on Friday that a plan it privately presented to Enel in July to absorb Enel Green Power Latin America’s non-conventional renewable generation assets in Chile has been conditionally approved by the parent company.

In a letter to Chilean regulators, Enel Chile said the plan is dependent on Enel Chile successfully upping its stake in Enel Generacion Chile SA to 75 percent of share capital via a partial takeover bid. (Reporting by Gram Slattery; Editing by Lisa Shumaker)

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