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Fenosa Selling Guatemala Distribution Company

May 22, 2011

Spain’s Gas Natural Fenosa has agreed to sell two electricity distribution and supply companies to Actis for $345m plus assumed debt of about $104m, marking what some are calling the first LBO in Central America by a European acquirer. The acquisition of a 92% stake in Guatemala´s DEORSA and DEOCSA implies a total enterprise value of...

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