10 Oct 2025

"Minera Los Pelambres Sells Power Lines to REN's Transemel in Strategic Energy Sector Deal"

"Larrain y Asociados has advised Minera Los Pelambres, part of Antofagasta Minerals, on the sale of its subsidiary Los Pelambres Transmisión's power lines to Transemel, a subsidiary of Portugal's REN. The deal involves the divestment of 144 kilometers of transmission networks and other regulated assets in Chile's national electricity system, with the transaction amount undisclosed. This move reflects the ongoing consolidation of Chile's energy infrastructure as international companies expand their presence in the sector."

Larrain y Asociados and Villarino e Ilharreborde participated in the transaction, advising Minera Los Pelambres and its subsidiary Los Pelambres Transmisión in the sale of power lines to Transemel, a subsidiary of the Portuguese energy group Redes Energéticas Nacionais (REN). The transaction involved the divestment of 144 kilometers of transmission networks and other regulated assets that are part of Chile’s national electricity system. The financial details of the transaction remain confidential. The advisory team from Larrain y Asociados was led by partners Jorge Granic, Francisco Cerda, and Juan de Dios Ferrada, along with associate María José Díaz. Villarino e Ilharreborde contributed to the transaction with partner Cristóbal Villarino and associates Gabriel Valdés and Sebastián Garcés providing legal support.
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