(Dow Jones) December 21, 2010 – Chilean energy holding company Enersis SA (ENI, ENERSIS.SN) will sell its service-oriented Compania Americana de Multiservicios Limitada, or CAM, and information technology firm Synapsis Soluciones y Servicios IT Ltda subsidiaries.
Enersis will sell the units so it can “concentrate on its core energy business,” and will use the proceeds for expansions in its power generation and distribution businesses, the company said Tuesday.
Peru’s biggest property and engineering firm, Grana y Montero (GRAMONC1.VL), will pay $20 million for CAM.
Private equity firm Riverwood Capital LP will purchase Chile-based Synapsis for $52 million.
Enersis, which is owned by Spain’s Endesa SA (ELEZF, ELE.MC), is active in the power generation, transmission and distribution businesses in Argentina, Brazil, Chile, Colombia and Peru.
By Anthony Esposito