OTPP buys stake in Chilean electricity

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GLOBAL - Ontario Teachers' Pension Plan (OTPP) and Morgan Stanley Infrastructure (MSI) have struck a deal to acquire SAESA Group, Chile's second largest electricity distributor in geographical terms.

OTPP and MSI will pay US$870m for the business and assume more than $400m in existing company debt, with ownership of the US$1.3b distribution, transmission and generation unit of Public Service En...

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