From Tuesday, February 19th to Monday, February 25th, 2019
Grupo Energía de Bogotá (GEB) plans to enter the distribution business by presenting a public tender offer (OPA) by Dunas Energía.
Grupo Energia de Bogota (GEB) prepares its income for the distribution and sale of electricity, for which it will present a public tender offer (OPA) on the Lima Stock Exchange (Bolsa de Valores de Lima) for 100% of the shares of Dunas Energía S.A.A. (Diario Gestión).
This firm has 99.96% of the shares of Electro Dunas S.A.A., which distributes electricity in the Ica region and, partially, in Huancavelica and Ayacucho, serving approximately 240,000 customers.
The transaction will be carried out under an agreement between the Colombian group and Electro Dunas Cayman Holdings Ltd., a subsidiary of Blue Water Worldwide (BWW), a private equity fund based in New York.
In addition, the GEB and PPC Cayman Holdings, another subsidiary of BWW, agreed to purchase 100% of PPC Peru Holdings S.R.L., also from GEB.
The three firms in acquisition make up the Electro Dunas group in Peru. The closing of the acquisition of the shares of Dunas Energía S.A.A. it will depend on the success of the public offer that will be presented to carry out the operation (Diario Gestión).