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Shareholders in Peru's largest distributor Luz de Sur have sold 272,805 shares to Peruvian Opportunity Company (POC) for US$1.7581 each for a total of US$479,619, Luz said in a letter to securities regulator Conasev.
Last month, POC launched a tender offer to acquire a 23.54% stake in Luz by offering to acquire 115mn common shares at a price of US$1.7581 each. The tender offer ran through May 12.
Luz's service area covers 3,000km2 and includes 30 Lima municipalities. At end-March, the company's customer base included 787,407 regulated clients and 25 free clients.
POC is made up of Sempra Energy International Holdings (50%), AEI Chilquinta Americas (49.99%) and AEI Southern Cone Holdings (0.0000005%).