October 16, 2019
Sempra Energy said it has agreed to sell its Chilean subsidiary, Chilquinta Energía, to the China's State Grid for $2.23bn.
The Chinese state-owned electric utility company also acquires the construction company Tecnored and 50% of the power transmission division Eletrans as part of the deal, the US energy firm said in a statement.
Chilquinta also agreed to buy the other half of Eletrans from the local electricity distribution company SAESA for an undisclosed amount and sell it to State Grid, Se
US energy company offloads Chilquinta to the Chinese utility company for more than $2bn