Transsemel is a CGE transmission subsidiary that operates mainly in the Northern regions of Chile. REN, a Portuguese-based group focused on transmission and distribution of electricity and gas pipelines in Portugal, has acquired Transemel, a CGE transmission subsidiary that operates mainly in the Northern regions of Chile, from CGE / Naturgy. The transaction, which involves the transfer of 100% of the share capital to REN for USD 167.4m (EUR 150m), will be completed in the second half of this year.
AZ Capital
Advised in the sale of
Transemel (part of Compañía General de Electricidad)
to