ELE Endesa SA Ads

ENDESA (NYSE:ELE): -- Sechilienne-Sidec produces electricity and steam at thermal plants that use coal and sugar cane waste on the islands of Guadalupe and Martinique in the Caribbean and Reunion and Mauritius in the Indian Ocean. -- The gross capital gain from the sale amounts to Euro 68 million. -- The sale forms part of ENDESA's policy of disposing of non-core assets. ENDESA's (NYSE:ELE) 65% owned French subsidiary, SNET (Societe Nationale d'Electricite et de Thermique), has finalised the sale (dated 21 September) of its 23.62% shareholding in power generator Sechilienne-Sidec to UK-based fund manager Ecofin Limited for Euro 103.6 million, or Euro 320 per share. The gross capital gain from the sale amounts to Euro 68 million. On 12 July, SNET and Ecofin Limited signed an agreement under which Ecofin would acquire the French company's stake in Sechilienne-Sidec. Sechilienne-Sidec produces electricity and steam at thermal plants that use coal and sugar cane waste on the islands of Guadalupe and Martinique in the Caribbean and Reunion and Mauritius in the Indian Ocean. It also develops wind energy in France. The sale forms part of ENDESA's policy of disposing of non-core assets. This document may contain certain forward-looking statements regarding anticipated financial and operating results and statistics that are subject to risks and uncertainties as well as to material risks, changes and other factors which may be difficult to predict, including, without limitation, those factors described in the Documento de Registro de Acciones of Endesa filed within the Comision Nacional del Mercado de Valores and in the Form 20-F of Endesa filed within the Securities and Exchange Commission, both for the fiscal year ended December 31, 2004. For all of these forward-looking statements, we claim the protection of the safe harbour for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.