M&A: Brisk Energy Flow

M&A: Brisk Energy Flow

M&A

Gas Natural has agreed to sell its 63.8% stake in Empresa de Energía del Pacifico (Epsa) to Colombian holding company Colinversiones for $1.1 billion. Colinversiones, whose holdings are largely in the electricity generation and transmission sector, last month said it was interested in acquiring the stake in a deal authorized by the board. Meanwhile, Spain’s Iberdrola has sold its 95% stake in Chilean hydropower unit Iberoamericana de Energía to Chile’s Compania General de Electricidad (CGE) for $281.6 million. An additional sale of a 55% stake in Empresa Eléctrica Lican to CGE for $16 million did not go through because of “external causes,” it says. Ibener

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