WEG Capital completed the acquisition of remaining 50.01% stake in Anexo Guacolda Energía S.A. from AES Gener S.A. for $34 million.

WEG Capital signed a contract to acquire remaining 50.01% stake in Anexo Guacolda Energía S.A. from AES Gener S.A. (SNSE:AESGENER) for $34 million on February 23, 2021. Post completion, WEG Capital will hold 100% stake in Guacolda Energía. The transaction is subject to the approval of Chile’s antitrust authority (FNE). The proceeds of the sale will be used to fund the Company’s renewable growth plans. WEG Capital completed the acquisition of remaining 50.01% stake in Anexo Guacolda Energía S.A. from AES Gener S.A. (SNSE:AESGENER) on May 14, 2021. On 16 Jun 2021, National Economic Prosecutors Office has launched an investigation.