According to sources next to the operation informed to Efe, to these three banks are united the two great Spanish boxes to them: Caixa and Caja Madrid; the Japanese Tokyo-Mitsubishi; Italian the Intesa Sanpaolo and Unicredit; the French BNP, Natixis and Calyon; and the Royal Bank Briton of Scotland.
The Italian company will have to give back in 5 years 70% of the loan, that is to say, 5,600 million Euros, whereas for 30% rest (2,400 million) the term is extended until the 7 years.
Financial sources valued that the quality of the guarantees including in the loan with Enel is superior to those of the syndicated credit that obtained Drives to enter ENDESA.
The credit must be signed now by Enel after the operation is approved and the approval to the purchase on the part of the advice of administration of ENDESA and Acciona is obtained.
It drives will receive almost 8,220 million Euros in cash and 2,105 megavatios (mw) of renewable assets, valued in about 2,890 million, by 25% of ENDESA, according to the agreement that the two parts will sign foreseeably today.
After the operation, Enel would increase its participation in the capital of the company of present 67% until 92%
Enel and Acciona bought 92% of ENDESA in 2007 by 42,500 million Euros, and the pact included the possibility of an option of purchase on the part of the Italian after turning the three years.
