Enersis Falls on Concern Shake-Up Will Cut Share Value
This article is for subscribers only.
Enersis SA, Chile’s largest power utility, dropped to a six-month low amid speculation that a corporate restructuring proposed by its controlling company will result in a loss of value for minority shareholders.
Enersis retreated 1.6 percent to 193.69 pesos at 1:50 p.m. in Santiago, its third day of losses, while the IPSA benchmark gauge advanced 0.3 percent.