Brookfield fund looks for control over Chile's Cerro Dominador plant

May 9, 2023 06:07 PM ET
  • Brookfield Infrastructure Debt I LP, a fund affiliated with Canadian financial investment manager Brookfield Corp (NYSE: BN) as well as its family of firms, is interested in wielding crucial influence over the management of the Cerro Dominador focused solar power (CSP) as well as photovoltaic complex in Chile, according to a notice to Chilean antitrust authority FNE.
Brookfield fund looks for control over Chile's Cerro Dominador plant

The notice specifies that Brookfield, via BID United States Bermuda Finco Limited, and also Cerro Dominador Inversiones SpA were events to a concentration purchase. The deal included "the acquisition by BID US of political rights that would certainly enable it to decisively influence the management of CD-Inversiones and also its subsidiaries". Those subsidiaries are 2 project companies, each possessing a piece of the complex-- one the CSP plant as well as their the solar farm.

FNE claimed it would start a testimonial of the procedure in line with the law on the defence of deregulation.

The Cerro Dominador complex, with 110 MW of installed CSP as well as 100 MW of solar PV, is totally had by Grupo Cerro, itself possessed by funds managed by Washington-based energy field financier EIG. Cerro Dominador Inversiones and also its subsidiaries are all part of the bigger Cerro Dominador Group possessed by EIG funds.

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