Gas Natural has agreed to sell its 63.8% stake in Empresa de
Energía del Pacifico (Epsa) to Colombian holding company
Colinversiones for $1.1 billion. Colinversiones, whose holdings
are largely in the electricity generation and transmission
sector, last month said it was interested in acquiring the
stake in a deal authorized by the board.
M&A: Brisk Energy Flow
Deals in the energy sector are ruling the M&A arena in Latin America as Spanish companies offload holdings.
Meanwhile, Spains Iberdrola has sold its 95% stake in
Chilean hydropower unit Iberoamericana de Energía to
Chiles Compania General de Electricidad (CGE) for $281.6
million. An additional sale of a 55% stake in Empresa
Eléctrica Lican to CGE for $16 million did not go
through because of external causes, it says. Ibener
operates the 75 megawatt Peuchen and 49 megawatt Mampil dams in
Endesa, also based in Spain, has sold...
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