Chile's Enel Sells Stake in Gas Company for $180M

Source: Reuters 12/17/2016, Location: South America

Enel Generacion Chile SA has agreed to sell its 42.5 percent stake in pipeline operator Electrogas for $180 million, the utility said in a letter to the local securities regulator.

The sale, part of a plan to sell assets, is expected to close in the first quarter of 2017 and to generate a net profit of $123 million. The company did not name a buyer.

Enel Generacion, which owns and operates more than 100 electricity generation facilities in Chile, has partnerships with local generator Colbun SA and state oil company ENAP.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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