Angelini Buys Colbún Stake

Chilean industrial conglomerate Grupo Angelini has paid almost $223 million for a 9.5% stake of local power company Colbún from Suez Energy Andino, the local subsidiary of the French group. Suez is selling its 19% share through JP Morgan and Larrain Vial. The acquisition, made through Angelini’s holding company AntarChile, gives Angelini the right to one seat on the board of directors.