Enel's Peruvian subsidiary has finalized the sale of its holdings in power distribution and supply company Enel Distribución Perú and advanced energy services company Enel X Peru to North Lima Power Grid for an enterprise value that values 100 percent of the assets at about $4 billion.

The transaction generated a reduction in the group's consolidated net debt of about 2.9 billion euros in 2024, which is in addition to the approximately 500 million euros already reflected in the 2023 financial statements mainly due to the reclassification of the assets included in the scope of the transaction as "held for sale," says a note published overnight.

The transaction will generate a positive impact on the group's reported net income in 2024 of about 500 million euros.

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(Claudia Cristoferi, editing Stefano Bernabei)