STXNEWS LATAM-Chile's energy firm CGE up after offer approach
Shares in Chilean electricity distributor Compania General de Electricidad SA rose 4.7 percent on Monday after majority shareholders received an offer approach.
CGE said in a statement to the Chilean regulator that the shareholders had received a non-binding approach that could leave to a full offer, and had agreed to due diligence.
The company, which has a market capitalization of around $2 billion, did not identify who had made the approach and said no price had yet been determined.
CGE owns a controlling stake in gas transporter Gasco SA , whose shares also rose, up 2.8 percent by 1213 local time (1513 GMT).
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