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I​nterlaw’s Chilean Partner Advises Enel in Tender Offer

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Interlaw’s partner firm in Chile, Cariola Díez Pérez-Cotapos, has acted as external legal counsel to Enel S.p.A., an Italian corporation, in launching and executing a voluntary partial public tender offer for the acquisition of shares and American Depositary Shares (ADSs) of its listed Chilean subsidiary Enel Américas S.A.    

The tender offer was structured as a dual jurisdictional simultaneous offer in Chile and in the United States of America. The offered price was CLP$140 per share in cash and CLP$7,000 per ADS (each representing 50 shares), for a maximum total potential amount of CLP$1,065,208,354,560 (approximately $1,500,000,000 dollars).   

These tender offers were made in the context of a corporate reorganization whereby EGP Américas SpA was merged into Enel Américas S.A.   

Cariola's team acting on the matter was led by partner Francisco Illanes, Juan Antonio Parodi and Javier Cerón and associates Mónica Pavez, María Paz de Carcer and Vicente Saenz de Santa María.