AES Gener has sold a preferred stock minority stake in Empresa Eléctrica Cochrane to Toesca Infraestructura II
AES Gener S.A. has sold a preferred stock minority stake in Empresa Eléctrica Cochrane SpA to Toesca Infraestructura II Fondo de Inversión for US$ 113.5 million.
Empresa Eléctrica Cochrane operates a thermal power plant located in Mejillones, in the Antofagasta Region, which provides energy to the Sistema Eléctrico Nacional (SEN) in Chile. It has two pulverized-coal units with a total installed capacity of 550 MW. It is controlled by AES Gener S.A. The construction of the plant began in 2013 and commercial operation started in 2016. Cochrane has an annual production of +3 TWh.
Toesca Infraestructura II Fondo de Inversión is a Chilean investment fund. The objective of the fund is to invest directly and indirectly in shares and/or debt of companies whose assets are investments in national infrastructure such as public infrastructure, electricity, sanitary and port concessions, as well as power generation plants.
AES Gener is one of the largest and most diversified electricity generators in Latin America, with a presence in Chile, Colombia and Argentina. The company operates a total installed capacity of 5.1 GW in thermal and renewable power plants. It is controlled by the AES Corporation, one of the leading power companies in the world,and member of the exclusive ranking Fortune 500.
Oaklins’ team in Chile acted as financial advisor to AES Gener in the sale of a preferred stock minority stake in Empresa Eléctrica Cochrane.
Talk to the deal team
José Tomás Brahm
Alberto del Pedregal
SCAME PARRE has acquired Magnum Cap
SCAME PARRE S.p.A. has completed the acquisition of 85% of Magnum Cap – Electrical Power Solutions, Lda. This transaction enables SCAME to consolidate its e-mobility business with the acquisition of a pioneer in developing electric vehicle chargers. With the increasing number of electric vehicles, charging systems are experiencing fast growth globally.Learn more
Watium has been acquired by Grupo Visalia
The shareholders of Watium S.L. have sold the company to Grupo Visalia.Learn more
Jersey Oil & Gas has completed a private placement of new shares
Jersey Oil & Gas Plc has raised funds to support a new development project.Learn more