CLIENT : Enel S.p.A.


DATE: July 2003

SECTOR: Energy, Utilities and Infrastructure; Telecommunications, Media and Technology

Advisory to Enel SpA for the acquisition from France Telecom of 26.6% of the capital of Wind SpA, a mobile and fix telephone operator.

Activities performed:
assistance to Enel SpA in all the phases of the acquisition procedure;
support in the determination of the stand-alone value of Wind SpA and in the definition of the terms and conditions of the acquisition proposals;
assistance in the negotiation of the terms of the acquisition contract of Wind shares;
coordination of the activities of the accounting, legal and tax consultants during the whole acquisition process.

Deal value: € 1,330 million