REG-Endesa, S.A. Acquisition

Endesa SAAnnouncement

15/11/2024 17:45

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Acquisition

 

Borja Acha Besga,

Secretary of the Board of Directors

Madrid, 15 November 2024

In accordance with the provisions of Article 226 of the Spanish Securities
Market Act, Endesa, S.A. hereby issues notice of the following Insider
Information:

Endesa, S.A. hereby states that its wholly-owned subsidiary, Endesa
Generación, S.A., has signed an agreement with Corporación Acciona Energías
Renovables, S.A., a company belonging to the Acciona Group, for the purchase
of the entire share capital of Corporación Acciona Hidráulica S.L. The
agreement provides a purchase price of 1,000 million euros, subject to the
customary adjustments typically agreed in this type of transactions, in
exchange for all (100%) of the shares, free of debt.

Corporación Acciona Hidráulica owns a portfolio of 34 hydro power plants
located in northeastern Spain with a total installed capacity of 626 MW, most
of which are modulable and which generated approximately 1.3 TWh in 2023.

The agreement will enable Endesa to further strengthen its position in the
renewable energy sector by increasing its share of power sales using own
production from renewable sources, thus maximizing the revenues generated by
its integrated presence along the entire value chain.

Upon completion of the transaction, Endesa will have an installed hydro
capacity of more than 5.3 GW in Spain, with a total capacity from renewable
sources in Spain and Portugal of 10.7 GW.

The deal is expected to be completed in the first half of 2025 and is subject
to the necessary clearance being secured from the competent antitrust and
foreign investment authorities in Spain.

The agreed purchase price for the entire share capital of Corporación Acciona
Hidráulica, S.L. will be financed with cash flows obtained from current
operations and it is in line with the plan for the development of the expected
capacity.

Secretary of the Board of Directors

Endesa, S.A. Registered offices: Calle Ribera del Loira, 60, Madrid.
Registered in the Mercantile Registry of Madrid, page M-6405, volume 323,
folio 1, Spanish Tax ID (C.I.F.) A28023430.



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Endesa, S.A.


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