Chilectra S.A. (SNSE:CHILECTRA) announced the spin-off of assets held in Latin American countries on November 11, 2015. The Chilean assets have been excluded. Assets will be transferred to a newly formed company named Chilectra Americas.

Shares of Chilectra Americas will be allocated proportionally to the shareholders of Chilectra. Chilectra has called for it's extraordinary shareholder's meetings on December 18, 2015 seeking approval for the transaction. Bank of America Merrill Lynch and IM Trust acted as financial advisors for Chilectra.