Enel Generación Takeover: What’s Next for the Stock Price?

by time news

2024-05-08 22:51:42

Yesterday the operation Public Acquisition Offer (OPA) before Enel generationthrough which Niagara Energy 2,894,920,816 shares of the company were acquired at a price of US$ 0.4689 per share.

This number of shares represents 92.3% of the total participation in Enel Generación.

According to Lima Stock Exchange (LSE)This corporate event shows that the plaza fulfills its role as an effective transaction platform mechanism, having completed the largest takeover offer in the history of the local market for S/5,066 million.

BBVA Stock Marketfor his part, that he successfully completed the takeover bid for the shares of Enel Generación Perú, which is a milestone in the BVL as it is the largest transaction ever.

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After a larger takeover bid on the Lima Stock Exchange, what are the prospects for Enel stock?

In the opinion of analysts from Kallpa Securities SAB e Intelligo SABthere would be a matter of interest to consider after the takeover bidsince the basic value of S/ 2.48 of the electricity company’s share is above the market price, and the price offered in such a transaction would not reflect the company’s capacity.

The change in the controlling shareholder does not generate any modification of the company’s foundation, such as its growth prospects, margins and investments, among other things, they add.

Therefore, the stock has an estimated potential of 30.1%.

Analysts noted that Enel Generación distributes dividends on a recurring basis and currently offers a dividend yield of 10.61%.

They warn, however, that the liquidity of the share could be reduced, as after the takeover bid the percentage of Enel shares available for trading was reduced from 13.0% to 7.7%.

Related notes:

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The profits of the leading companies in Peru would have fallen for the second quarter in a row

BVL: It is more difficult to attract investors to Peru today, they prefer Asia

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