Chile power company AES Gener to buy stake in Guacolda for $728 mln

SANTIAGO, March 28 Fri Mar 28, 2014 4:18pm EDT

SANTIAGO, March 28 (Reuters) - Chilean energy company AES Gener SA said on Friday it will buy a 50 percent stake in Chile's Guacolda thermoelectric plant for $728 million.

Two of Guacolda's shareholders - industrial firm Empresas Copec and Inversiones Ultraterra - said in November they were each seeking to sell their respective 25 percent stakes in the roughly 608 megawatt complex. (Reporting by Alexandra Ulmer; Editing by David Gregorio)