Israel Corp. Sells Stake in Peruvian Electricity Firm to Spain’s Endesa

The sale will help fund a $900 million investment in a Peruvian hydroelectric plant at Cerro Del Aguila that is slated for completion in 2016.

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The Israel Corporation has completed the sale of its 21% stake in the Peruvian electricity utility Edegel for $413 million to Endesa, Spain’s largest electricity provider.