October 18, 2019 / 10:39 AM / 25 days ago

Brazilian regulator approves Enel tender offer for Eletropaulo shares - filing

SAO PAULO, Oct 18 (Reuters) - Brazilian securities regulator CVM has approved Italian utility Enel’s tender offer to acquire all shares issued by power distribution firm Eletropaulo Metropolitana, the Brazilian company said in a filing late on Thursday.

Enel, which acquired Eletropaulo last year for around $1.5 billion, aims to purchase a remaining 4.1% stake to delist the company.

Reporting by Gabriela Mello; Editing by Susan Fenton

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