September 10, 2020 |
Chilean power utility company AES Gener, a unit of US-based AES Corp, said it sold a stake in its Empresa Eléctrica Cochrane division to TIF Inversiones for $114 million, the proceeds of which it will use to fund its Greentegra renewable energy program.
TIF Inversiones, an investment fund run by Santiago-based Toesca Asset Management, agreed to buy 49.99% of the 60% stake that AES Gener owns in Cochrane, according to a securities filing and press release.
AES Gener said it will retain control ov
Chilean utility company gets $114 mln from a Toesca-run fund for 49% of Eléctrica Cochrane