AIMCo Completes Acquisition of 50% interest in Grupo SAESA

AIMCo Completes Acquisition of 50% interest in Grupo SAESA

PR Newswire

EDMONTON, Nov. 8, 2011 /PRNewswire/ – Alberta Investment Management Corporation
(“AIMCo”) is pleased to announce that it has agreed on behalf of its
clients to acquire Morgan Stanley Infrastructure Partners 50% interest
in Inversiones Grupo Saesa Limitada (“Grupo SAESA”), a regulated
electricity transmission and distribution company in Chile. AIMCo looks
forward to working alongside the other 50% owner, Ontario Teachers’
Pension Plan.

AIMCo CEO Leo de Bever says, “AIMCo is pleased to acquire a 50% interest
in Grupo SAESA a company that will be a vital part of the continued
growth and development of the Chilean economy. We believe that through
investments in core infrastructure like transmission and distribution,
AIMCo can contribute to the ongoing growth story in Chile alongside our
existing investment in Autopista Central.” Further Mr. de Bever stated
“AIMCo believes Chile’s well-established and stable regulatory
environment provides strong support for private capital investment to
meet the needs of a rapidly growing Chilean economy.”

Robert Mah, AIMCo SVP Infrastructure & Timber further states “We are
excited to own, on behalf of our clients, an electricity transmission
and distribution business that will become a cornerstone holding for
AIMCo in a country that has proven over many decades to be extremely
attractive for foreign investment.”

Grupo SAESA is the second largest electricity distributor in Chile and
comprised of seven subsidiaries primarily involved in electricity
distribution and transmission. The company delivers electricity to 16%
of Chile’s population in a concession area measuring over 44,000 square
kilometers. The company owns and operates over 53,500 kilometers of
distribution and transmission lines and serves approximately 700,000
customers.

For a Spanish translation of this press release please visit www.aimco.alberta.ca.

About Alberta Investment Management Corporation

AIMCo is one of Canada’s largest and most diversified investment
managers. AIMCo was established on January 1, 2008 with a mandate to
provide superior long-term investment results for its clients. AIMCo
operates independently from the Government of Alberta and invests
globally on behalf of 26 pension, endowment and government funds in the
Province of Alberta, including the Alberta Heritage Savings Trust Fund.
For more information about AIMCo, visit www.aimco.alberta.ca.

SOURCE Alberta Investment Management Corporation (AIMCO)

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