SAT acquires transmission asset in Chile

SAT acquires transmission asset in Chile

M&A Funds Asset Management Energy Electricity Latin America Andean South America Chile Canada

Chilean power transmission company Sociedad de Transmisión Austral (SAT) said it has acquired Tolchén Transmisión from Spain's Acciona Energía for $36 million, expanding the interests of its controlling shareholders — two Canadian pension funds — in the sector. SAT bought a 100% stake in Tolchén in both cash and by taking on the debt that the transmission company has with its former owner, according to a securities filing. SAT is a unit of Inversiones Eléctricas del Sur, an investment vehicle co

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