October 31, 2007 / 12:29 PM / in 11 years

AEI to buy stakes in power distributors in Chile and Peru

Oct 31 (Reuters) - AEI, formerly Ashmore Energy International, on Wednesday said it agreed to purchase a 50 percent indirect interest in Chilquinta Energia S.A., and a 37.9 percent indirect interest in in Luz del Sur S.A. from Public Service Enterprise Group (PEG.N) for $685 million.

Chilquinta is a power distribution company in Chile, and Luz del Sur distributes electricity in Peru. (Reporting by Ankur Relia in Bangalore)

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