AES Chile Generation Unit Completes $248 Million Capital Increase
February 09 2009 - 3:27PM
Dow Jones News
AES Gener SA (GENER.SN), the Chilean power generation unit of
AES Corp. (AES), completed a $248 million capital increase, the
company said Monday.
The power generator said investors subscribed 938 million new
shares during the capital increase at 162.50 Chilean pesos ($0.27)
per share.
AES, through the investment vehicle Inversiones Cachagua Ltda.
acquired 667 million of these shares, holding its stake at around
71% of the generator, AES Gener said in a statement.
The funds from the increase will partially finance the company's
investment plans, which includes new power plants on the northern
SING grid and the central SIC grid.
In late Monday trading on the Santiago Stock Exchange, AES Gener
was trading 0.4% lower from the previous close, at CLP208.00, while
the Ipsa blue-chip index was gaining 0.06%. In the past 52 weeks,
AES Gener has traded at a high of CLP228.08 and a low at
CLP145.00.
-By Carolina Pica, Dow Jones Newswires; 56-2-820-4244;
carolina.pica@dowjones.com