Codelco Readies E-CL Float

Codelco Readies E-CL Float

Chile

Codelco’s board has given the green light to begin the public sale of its shares in power company E-CL. The state-owned Chilean copper miner plans to float the 40% of the company it owns on the local market and in the US, a plan which had been among the options it had been considering for the asset since the middle of last year. A 3-week roadshow is set to begin Monday that will include meetings in the local, US, and other markets, according to a banker on the deal. Codelco hired LarrainVial and

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