Darby Sells Stake in TEBSA Power Plant

Darby Overseas Investments Ltd. said Friday that Darby Latin America Mezzanine Fund L.P.has sold its 28.7% stake in Termobarranquilla S.A. (TEBSA), a modern gas fired power plant in Colombia. Darby sold 100% of the operating company GPUI Colombia Ltda., which has the TEBSA OEM contract. Financial terms were not announced. Darby Overseas Investments is the private equity arm of Franklin Templeton Investments.

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