Sempra sells Chilean business to State Grid

Sempra sells Chilean business to State Grid

M&A Energy Electricity Regulation Chile US China

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial