Gas Natural Fenosa will buy Chilean Compania General de Electricidad (CGE) for 2.6 billion euros, said Sunday the Spanish energy group.
This acquisition will take the form of a tender offer (OPA) As agreed with the majority shareholders of Chilean society, including “the Marin family group, the Almeria Group and Family Group Perez Cruz, representing 54.19% of the capital,” said Endesa Gas Natural in a statement.
The company said that if all of its bid is accepted, the acquisition of CGE led him to spend € 2.6 billion of this investment is the largest of its kind story. The operation indicates Does the same source, mark the arrival in Chile of Gas Natural Fenosa, strengthening its presence in Latin America, where it appears as the first group of gas distribution with operations in Mexico, Costa Rica, Panama, Brazil, Argentina, Peru, Colombia, Dominican Republic and Puerto Rico.
Gas Natural Fenosa operates in 25 countries, reported 2013 net income of 1.44 billion euros.
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