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Enel: Good financial position allows the granting of dividends of 615 million euro

28 February 2020
Electricity
Energynomics

Bogdan Tudorache

Enel officials claim that now they can offer dividends worth more than 615 million euro to shareholders – including the Romanian state and Fondul Proprietatea, as “the context created by the new regulatory framework, which defines a minimum level of investment, as well as the good current financial position companies, as a result of a sound and prudent management policy” allow it, according to a response sent at the request energynomics.ro.

“The General Meetings of the Shareholders of E-Distributie Banat, E-Distributie Dobrogea and E-Distributie Muntenia recently approved the granting of dividends amounting to 2,955 billion lei, from the result reported from previous years.

Thus, E-Distribuţie Banat will grant dividends worth 886.15 million lei, E-Distribuţie Dobrogea will grant dividends reaching 502.7 million lei, while E-Distribution Muntenia will grant dividends worth 1.566 billion lei.

Granting of dividends takes into account the context created by the new regulatory framework, which defines a minimum level of investment, as well as the current good financial position of the companies, as a result of a sound and prudent management policy. The updated estimates of the cash flows are strictly correlated with the new regulatory framework,” the company statement shows.

Currently, the Enel Group owns 78% of the shares of E-Distribuție Muntenia, while the FP has 12% and the Romanian State, through SAPE, has a 10% share. Regarding E-Distributie Banat, the shareholding structure is as follows: Enel Group – 51%, FP – 24.12%, SAPE – 24.86%; for E-Distributie Dobrogea the structure is: Enel Group – 51%, Fondul Proprietatea – 24.09%, SAPE – 24.9%.

“Thus, the shareholders will collect the following amounts in the form of dividends from the 3 companies – the Company for the Management of Energy Assets (SAPE) will receive dividends worth 502.2 million lei, Fondul Proprietatea will receive dividends worth 522, 9 million lei, while the Enel Group will receive 1.93 billion lei.”

Autor: Energynomics

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