Go to deals
Energy

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.

Service
M&A sell-side
Parties

Talk to the deal team

 José Tomás Brahm

José Tomás Brahm

Director

Santiago, Chile
Oaklins LarrainVial
 Alberto  del Pedregal

Alberto del Pedregal

Associate

Santiago, Chile
Oaklins LarrainVial

Related deals

Zonnepanelen op het Dak has been acquired by Elevion Group
Energy

Zonnepanelen op het Dak has been acquired by Elevion Group

Elevion Group has acquired a majority stake in Zonnepanelen op het Dak (ZOHD).

Learn more
Navitas Petroleum has issued bonds
Energy

Navitas Petroleum has issued bonds

Navitas Petroleum has completed a fundraising to refinance and develop the business.

Learn more
Solstyce has completed an LBO alongside NextStage
Private Equity | Construction & Engineering Services | Energy

Solstyce has completed an LBO alongside NextStage

The private shareholders of Solstyce have completed a primary LBO alongside NextStage AM.

Learn more