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Enersis launches $645m bid for Coelce

Jan 16, 2014

Enersis has started spending some of the $2.4bn stockpile of acquisition cash which it raised in its 2013 equity sale. The Chilean energy distributor and generator announced on Wednesday a tender offer for the shares of Brazilian firm Companhia Energetica do Ceara (Coelce) that it does not...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management