Endesa Chile Increases Stake In Argentine Energy

Endesa Chile has paid $50 million to CMS Generation of the US for its 25% stake in energy company Hidroinvest, which has a controlling stake in Argentine electricity plant El Chocón. The acquisition gives Endesa a 64.7% holding in the hydroelectric facility, which is located in the province of Neuquén. Prior to the purchase of the shares, Endesa held a 47.4% share in the plant.