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    CGE   CLP306321066

COMPAÑÍA GENERAL DE ELECTRICIDAD S.A.

(CGE)
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Apolo Chile SpA and Aerio Chile SPA completed the acquisition of Empresa de Transmisión Eléctrica Transemel S.A. from Compañía General de Electricidad S.A. (SNSE:CGE) for approximately €160 million (approximately $170 million).

10/01/2019 EDT

Apolo Chile SpA and Aerio Chile SPA signed a contract to acquire Empresa de Transmisión Eléctrica Transemel S.A. from Compañía General de Electricidad S.A. (SNSE:CGE) for approximately $170 million on July 23, 2019. This acquisition will be financed solely with debt. The transaction is expected to complete in the beginning of October 2019. Santander S.A. Corredores de Bolsa acted as financial advisor to Empresa de Transmisión Eléctrica Transemel S.A. Cristóbal Villarino H. of Prieto Abogados acted as legal advisor for REN and Roberto Guerrero D. and Macarena Ravinet L. of Guerrero, Olivos, Novoa y Errazuriz acted as lega; advisors for Compañía General de Electricidad. BTG Pactual Chile SpA acted as a financial advisor to Compañía General de Electricidad S.A. KPMG Auditores Consultores Ltda acted as financial due diligence provider to REN - Redes Energéticas Nacionais, SGPS, S.A. Apolo Chile SpA and Aerio Chile SPA completed the acquisition of Empresa de Transmisión Eléctrica Transemel S.A. from Compañía General de Electricidad S.A. (SNSE:CGE) for approximately €160 million (approximately $170 million) on October 1, 2019.


© S&P Capital IQ 2019
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Financials
Sales 2020 1 762 B 2 188 M 2 188 M
Net income 2020 61 568 M 76,5 M 76,5 M
Net Debt 2020 1 196 B 1 485 M 1 485 M
P/E ratio 2020 30,0x
Yield 2020 1,01%
Capitalization 1 636 B 2 037 M 2 032 M
EV / Sales 2019 1,33x
EV / Sales 2020 1,73x
Nbr of Employees 1 188
Free-Float 1,99%
Chart COMPAÑÍA GENERAL DE ELECTRICIDAD S.A.
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Compañía General de Electricidad S.A. Technical Analysis Chart | CGE | CLP306321066 | MarketScreener
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Managers and Directors
Iván Quezada Escobar Chief Executive Officer
Pablo Tomás Sánchez Univazo Finance Manager
Antonio Gallart Gabas Chairman
Luis Zarauza Quirós Director
Ramon Trepat Font Director
Sector and Competitors
1st jan.Capi. (M$)
COMPAÑÍA GENERAL DE ELECTRICIDAD S.A.-11.49%2 031
NEXTERA ENERGY10.19%166 801
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DUKE ENERGY CORPORATION12.81%79 057
IBERDROLA, S.A.-14.10%71 922
SOUTHERN COMPANY3.01%66 325