AES Gener to close preferential offer

AES Gener to close preferential offer

Equity

Chilean power company AES Gener is due to close a preferential subscription period today on an offer of CLP85.43bn ($153m) in new capital. Existing shareholders can buy one new share for every 24 they already own. The company is offering the 335m shares at CLP255 each, a 12% discount to the closing price when the deal was announced on March 21, according to Credicorp Capital analysts. The power generator will use the fresh capital to advance its construction and investment program. AES has made

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