Hydro-Québec sells its stake in Transelec Chile for US$1.6 billion
On June 30, 2006, Hydro-Québec, through its wholly owned subsidiary Hydro-Québec International Inc., sold its 92% stake in Transelec Chile S.A. (the largest electricity transmission company in Chile) for US$1.6 billion to a consortium led by Canadian investment firm Brookfield Asset Management Inc. and made up of various Canadian institutional investors.
Hydro-Québec was advised in this transaction by Jean-René Gauthier.