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

Source text for Workspace: https://tinyurl.com/bddesdzd
Further company coverage: RENE.LS

(Gdansk Newsroom)

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