Independents set for victory in constitution vote

Chile's ruling center-right coalition has failed to secure control of the body that will rewrite the country's constitution, according to early results of a vote that has been called the most important in Chile since the fall of its military dictatorship in 1990. On Saturday and Sunday, Chileans cast ballots to elect 155 delegates who will be tasked with drafting the new constitution. With more than 90% of ballots counted, projections show that President Piñera's coalition, Chile Vamos, has secured just 21% of the votes, according to the electoral authority Servel. Independent candidates are expected to take more than 40% of the seats. Candidates aligned with left-wing parties received a third of the total vote. 

Arauco Sells Chilean Timberland to Investor Group led by BTG Pactual

Celulosa Arauco y Constitución (Arauco) sold approximately 80,500 hectares of timberlands in the central and southern regions of Chile for $385.5 million from an investor group. The investor group is led by BTG Pactual’s Timberland Investment Group (TIG). Other investors in the consortium include British Columbia Investment Management Corporation (BCI) and APG Asset Management. The transaction is subject to customary closing conditions, including antitrust approvals, and is expected to close in the third quarter of 2021.

Aker Horizons completes transaction to acquire Mainstream Renewable Power

Aker Horizons has completed a transaction (valuing Mainstream's current equity at €900 million) to acquire a portfolio of solar and wind projects in operation and under construction of around 1.4 GW and a pipeline of projects under development of around 12.5 GW. This portfolio has increased by more than 1 GW since the acquisition was announced on 19 January 2021.