Endesa Chile to Acquire a 50 Percent Stake in Gas Atacama from Southern Cross for US$309 Million (Latin America)

Source: Endesa Chile

Power generation company Endesa Chile has agreed to acquire a 50 percent equity stake in Inversiones Gas Atacama Holding Limitada (IGHL) from Latin America-focused private equity firm Southern Cross for US$309 million. IGHL is the holding company of Gas Atacama, a 781-megawatt natural gas-fired power plant located in northern Chile. Southern Cross originally invested in Gas Atacama in 2007. The transaction is expected to close within 30 days.