KNOCK OUT.U.S. power giant AES is stepping up its profile in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , this time acquiring Chile's second largest electricity distributor. Gener, which also operates in Argentina, Colombia, the Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , first agreed to sell a 20% stake to France's TotalFinaElf, which included 80% of its Argentine Argentine having some relationship with the country Argentina. Argentine tick margaropuswinthemi. Argentine tortoise geochelonechilensis. assets for around US$450 million. But AES later launched a tender offer for a controlling stake in Gener while convincing ELF to ditch its agreement and help AES take over the Chilean company. AES grabbed 90% of Gener for $1.3 billion, then sold 100% of Gener's Argentine assets to ELF. Terms of that deal were not disclosed. |
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