Alfa Desarrollo SpA entered into an agreement to acquire Colb?n Transmisi?n S.A. from Colb?n S.A. (SNSE:COLBUN) for $1.3 billion on March 30, 2021. As of August 10, 2021, consideration is adjusted to $1.2 billion. The transaction, includes the transfer of 899 kilometers of transmission lines and 27 substations that this company operates in the National Electric System, SEN. The transaction is subject to certain usual conditions for this type of operations, including the approval of the Fiscal?a Nacional Econ?mica (FNE the National Economic Competition Authority). As of August 3, 2021, National Economic Prosecutor's Office approved the transaction. The transfer is expected to be materialize during the current year. As of August 10, 2021, transaction is expected to close on September 30, 2021. JPMorgan and BTG Pactual acted as financial advisors and Jos? Tom?s Errazuriz Grez, Carlos Ducci Gonz?lez, Carola Trucco Horwitz, Enrique Barros Vial, Bernardo Simian Soza and Cirstobal Pellegrini Munita of Barros & Err?zuriz Abogados acted as legal advisors to Colb?n. Alexandro M. Padr?s, Gregory Tan, Grissel Mercado and Maria Larsen of Shearman & Sterling acted as legal advisors to JPMorgan Chase & Co. (NYSE:JPM) and Alfa Desarrollo SpA. Consequently, as a result of the income from the price of the aforementioned transaction and Colb?n s liquidity position, the Board of Directors has proposed to distribute the amount of $1 billion as dividend. Thomas Pate, Jeannine Acevedo, John Anderson, Carlos Viana and John Guzman of White & Case advised Alfa Desarrollo SpA on the financing. J.P. Morgan Securities, Citigroup Global Markets, Santander Investment Securities and SMBC Nikko Securities America acted as joint book runners for the offering. Alfa Desarrollo SpA completed the acquisition of Colb?n Transmisi?n S.A. from Colb?n S.A. (SNSE:COLBUN) on September 30, 2021.