Enel’s subsidiary Enel Brasil, controlled through Chilean listed company Enel Américas, has signed with Equatorial Participações e Investimentos, a subsidiary of Equatorial Energia, a Sale and Purchase Agreement to sell its entire stake in the Brazilian power distribution company CELG Distribuição, equal to approximately 99.9% of the latter’s share capital. The sale is subject to the approval of the Board of Directors of Enel Brasil and Enel Américas as well as being subject to certain additional conditions precedent customary for these kinds of transactions, including the authorization by Brazilian electricity regulator Agência Nacional de Energia Elétrica and the country’s antitrust authority Conselho Administrativo de Defesa Econômica The Agreement provides that for the entire stake held by Enel Brasil in Enel Goiás, Enel Brasil will receive a total consideration of approximately 7.3 billion Brazilian reais (equivalent to about 1.4 billion US dollars), subject to adjustments until the closing. Out of the total consideration:· Equatorial will pay, for the equity portion, approximately 1.6 billion Brazilian reais (equivalent to over 300 million US dollars) on closing, which is expected by year end; and· Enel Goiás will repay the intercompany loans, in the amount of approximately 5.7 billion Brazilian reais (equivalent to around 1.1 billion US dollars) within 12 months from the closing.Enel Goiás is a Brazilian electricity distributor located in the State of Goiás, with a concession area of 337,000 square meters, with 3.3 million customers in 237 municipalities.Equatorial is the third largest distribution group in Brazil in terms of number of customers. The company operates six concessionaires in the states of Maranhão, Pará, Piauí, Alagoas, Rio Grande do Sul and Amapá, serving approximately 10 million customers in these regions. The company also operates in the transmission sector and recently entered the sanitation sector as well as the renewable generation sector.