Gas Natural Fenosa Chile S.A. (BMAD:GAS) (‘GNF Chile’) agreed to acquire the remaining 2.63% stake in Compañía General de Electricidad S.A. (SNSE:CGE) (‘CGE’) for approximately CLP 200 billion on July 21, 2016. As consideration, CGE shareholders will receive 4.74 shares in GNF Chile for each share. Following the deal, the combined entity formed by merging the operations of CGE and GNF Chile will operate under the name Compania General de Electricidad S.A. On August 9, 2016, CGE shareholders approved the deal.