Acquisition by Carso Energy Corp. of the 100% of the capital of Ideal

Wednesday, February 5, 2020

Grupo Carso S.A.B. de C.V. informed the investing public on February 5, 2020, that through its subsidiary CarsoEnergy Corp., acquired from Promotora del Desarrollo de América Latina, S.A. of C.V., the 100% of the shares representing the social capital of Ideal Panamá, S.A., which currently operates two hydroelectric plants in Panama since 2012, with a combined capacity of 145 MW, for an amount of USD $152.57 million. Ideal Panamá, S.A. has debt with commercial banks for an amount of USD $400 million.

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