Colbún S.A. (SNSE:COLBUN) agreed to acquire Inversiones Latin América Power Ltda. for approximately $400 million on June 28, 2024. The initial purchase price was set at $401 million (?373.2 million), subject to adjustments at closing.

ILAP owns and operates the 193-MW San Juan wind farm in the Atacama region and the 46-MW Totoral wind farm in Coquimbo. These wind farms are held by ILAP?s entities San Juan SA and Norvind SA. BTG Pactual's Investment Banking team acted as financial advisor to the shareholders of Inversiones Latin America Power.

The transaction is subject to subject to antitrust regulation of National Economic Prosecutor's Office in accordance with the provisions of DL 211 of 1973.