ELEQ: International Endesa: Significant Event - Sale of Equity Interest in Medgaz UK Regulatory Announcement MADRID In accordance with article 82 of the Securities Market Act, Endesa, S.A. hereby reports the following SIGNIFICANT EVENT Endesa Generación, S.A. (100%-owned by Endesa, S.A.) has reached an agreement with Belgium’s Fluxys SA/NV under which it will sell the latter its 12% equity interest in Medgaz, S.A. Medgaz is the company that operates the underwater Algeria-Europe gas pipeline which connects Beni Saf with the Almería coast. The pipeline has initial capacity of 8 bcm/year. The sale of this investment also entails the transfer to the buyer of the claim held by Endesa Generación against Medgaz, in the form of a loan (principal and interest) in the amount of approximately €9.5 million. The transaction price (which includes the purchase price and the transfer of the aforementioned loan claim) totals approximately €87.5 million and is subject to the customary price adjustments. The transaction is expected to close during the first half of 2013, once all the consents required to substitute the seller on the guarantees granted in respect of the Medgaz project financing have been obtained. The impact of the transaction on Endesa’s consolidated income statement will only be known once the closing price adjustments have been made and will be disclosed to the market at that time. Madrid, 28 December 2012 Contact: International Endesa
ELEQ: International Endesa: Significant Event - Sale of Equity Interest in Medgaz
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