Enel bought Electrica Muntenia Sud

Enel bought Electrica Muntenia Sud

Move of the day.

The transaction through which Enel took over Electrica Muntenia Sud (EMS) was finished yesterday, the Italian group reaching 64.4%, after a 425 millions euro raise in the capital. Proprietatea Fund also took part at the capital increase, and held its 12%. Electrica, former owner of EMS, remained with 23.6% from the shares, it is stated in an Enel communicate.