Enersis to increase stake in Peru power company with $413 mln purchase
SANTIAGO, April 30 (Reuters) - Chile-based energy group Enersis said on Wednesday it has agreed to spend $413 million to increase its stake in Peruvian power generator Edegel to 58.6 percent from a current 37.5 percent.
Enersis, which has generation, transmission and distribution operations in Argentina, Brazil, Colombia, Chile and Peru, completed a nearly $6 billion capital increase last year to finance acquisition opportunities and raise its interest in companies in which it already has stakes.
According to the agreement, the regional power firm will purchase the 39 percent stake Inkia Americas Holdings Limited indirectly holds in Generandes Peru.
Generandes in turn holds a 54.2 percent controlling stake in Edegel.
Enersis, which is controlled by Spain's Endesa, said last week that it will invest $9 billion in South America over the next five years. (Reporting by Anthony Esposito; Editing by Cynthia Osterman)
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