Sempra offloads Luz del Sur

Sempra offloads Luz del Sur

M&A Energy Electricity Peru US China Asia

Sempra Energy said it has agreed to sell its 83.6% stake in the Peruvian utility company Luz del Sur to China Yangtze Power for $3.59bn. The deal includes Sempra's interest in the construction company Tecsur and Luz del Sur's generation business Inland Energy, the US energy company said in a press release. Sempra expects to conclude the deal in the first quarter of next year, pending approval from Peru's anti-trust authority, it added. San Diego-based Sempra said in January this year that it pla

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