When AEI moved to sell off its Latin American power and gas
distribution business and focus only on power generation, the
unloading of 80% of its assets, worth some $4.7 billion, was
not an easy task. Several decisions needed to be made against a
complicated market backdrop, making the sale, known as project
Amapola, one of last year's most complex. Executives decided on
the strategy shortly after the group, formerly known as Ashmore
Energy International, attempted an initial public offering of
shares in October 2009. Facing markets in turmoil and analyst
concerns about AEI's debt load and its exposure to political
and operational risks in...
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