BRIEF-REN Buys Transmission Electricity Company TENSA In Chile For $71.4 Mln

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April 22 (Reuters) - REN Redes Energeticas Nacionais SGPS SA RENE.LS:


  • SAID ON MONDAY, ITS UNIT TRANSEMEL, ACQUIRED FROM CMPC ENTIRE SHARE CAPITAL OF TRANSMISORA DE ENERGÍA NACIMIENTO (TENSA), FOR $71.4 MILLION

  • WITH THIS ACQUISITION, TRANSEMEL, REN’S CHILEAN SUBSIDIARY RESPONSIBLE FOR ELECTRICITY TRANSMISSION, WILL OPERATE AROUND 280 KM OF TRANSMISSION LINES IN THE COUNTRY, AS WELL AS 5 SUBSTATIONS

  • ACQUISITION OF TENSA WILL BE FULLY FINANCED THROUGH EXTERNAL DEBT


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Further company coverage: RENE.LS


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