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SunEdison may sell assets in Chile in the short term

SunEdison podría vender sus activos en Chile en corto plazo

Intel ID : 235838
Synopsis

SunEdison (NYSE:SUNE), a US-based renewable energy company, may carry out the sale of its non-strategic assets in Chile, reported Diario Financiero on 21 April, 2016, citing SunEdison's VP for Latin America, Carlos Barrera.

The company, which filed for Chapter 11 in the United States, entering a protected bankruptcy process, aims to carry out a worldwide restructuring of its operations.

With regards to regional branches, which include Brazil, Chile, and Mexico, these are not included in Chapter 11, so their operations will continue, though with extensive changes. One of the changes will be the sale of assets in Chile in the short term.

In the Andean country, the company is seeking partners that will acquire a majority stake in the assets under operation, which are Amanecer Solar CAP, San Andrés, María Elena, and Javiera, located in Copiapó and Atacama.
(content in spanish)

SunEdison (NYSE:SUNE), empresa estadounidense del sector de energías renovables, podría llevar a cabo la venta de activos no estratégicos en Chile, según ha informado Diario Financiero el 21 de abril de 2016, citando al vicepresidente para Latinoamérica de SunEdison, Carlos Barrera.

La firma, que se ha acogido a la ley de insolvencias de EE.UU., con lo que entró en un proceso de quiebra protegida, tendrá como objetivo realizar la reestructuración de sus negocios a nivel mundial.

En el caso de operaciones regionales, que incluye Brasil, Chile y México, estas no se acogen a la quiebra protegida, por lo que sus operaciones continuarán, aunque con cambios relevantes. Uno de ellos será la venta de activos en Chile en el corto plazo.

A nivel local, la firma se encuentra en búsqueda de socios que se hagan cargo de una participación mayoritaria en los activos que actualmente tienen en operación, los cuales son Amanecer Solar CAP, San Andrés, María Elena y Javiera, ubicados en Copiapó y Atacama.

Seller

SunEdison
United States

Intel ID 235838
Value ND
Native Currency US Dollar (USD)
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Seller

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Solar (Primary)
Primary Sector (TTRSC)
20.04.08 Solar Power
20 Energy & Utilities / 20.04 Renewable Energy

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Mergers & Acquisitions

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verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

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prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.