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Chile’s Colbún says it sells transmission unit for $ 1,295 million

SANTIAGO, Mar 30 (Reuters) – Chilean power company Colbún said on Tuesday it had sold its transmission unit for $ 1.29bn to a consortium with participation from a Dutch pension fund.

The Chilean generator informed the local securities regulator that it will transfer all of Colbún Transmission’s shares to the firm Alfa Desarrollo, which is 80% controlled by APG Energy and Infra Investments (part of APG, a Dutch pension fund) and 20% by Celeo Networks.

“The closing of the Transaction and the transfer of the shares of Colbún Transmission SA was subject to certain usual conditions for this type of operations, among which is the approval that the National Economic Prosecutor’s Office must grant,” he said in a letter to the regulator. .

Colbún estimated that the transaction will have a positive effect on its 2021 results of $ 930 million before taxes.

Colbún Transmission owns 899 kilometers of transmission lines and 27 electrical substations in the South American country’s system, according to the company.

(Report by Fabián Andrés Cambero)

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