Guggenheim Global Infrastructure Company Leads Consortium in Acquisition of Peruvian Electric Company

 
[20-August-2008]
 

MCLEAN, Va., Aug. 20 /PRNewswire/ -- Guggenheim Global Infrastructure Company Limited (GGIC) today announced that it lead an investment group that has acquired a controlling interest in Electro Sur Medio S.A. (ESM), an electric distribution company in Peru. GGIC is an affiliate of Guggenheim Partners, LLC, a diversified financial services firm with offices serving the Americas, Europe, and Asia.

"In our opinion, Peru is enjoying one of the most stable economic growth paths in the emerging markets: Its economy has continued to generate impressive gains. We believe that ESM's service territory has been growing at a rate above the national average, resulting in unmet demand that we look forward to serving," said GGIC's CEO Thomas A. Tribone.

ESM serves customers south of Lima, Peru and has entered into an arrangement with a leading Peruvian commercial bank to provide financing for expansion and upgrading of its electrical distribution system.

About GGIC and Guggenheim Partners:

GGIC is focused on developing, owning and operating energy and infrastructure projects worldwide. The firm is an affiliate of Guggenheim Partners, LLC, a global diversified financial services firm with wealth management, capital markets, investment management and proprietary investing businesses. Guggenheim Partners clients are an elite mix of individuals, family offices, endowments, foundations, insurance companies, pension plans, and other institutions that together have entrusted the firm with supervision of more than $100 billion in assets. Office locations include New York, Chicago, Los Angeles, Miami, Boston, Philadelphia, St. Louis, Houston, London, Dublin, Geneva, Hong Kong and Dubai. Additional information can be found at http://www.guggenheimpartners.com.

SOURCE Guggenheim Global Infrastructure Company Limited

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