Sempra Energy has completed the previously announced sale of its Chilean businesses to China’s State Grid International Development Ltd. (SGID), generating around $2.23 billion in total cash proceeds, the company said today.
The divestment includes Sempra Energy’s 100 percent stake in Chilquinta Energía S.A., the third-largest distributor of electricity in Chile. The sale also includes a 100 percent interest in Tecnored S.A., which provides electric construction and infrastructure services to Chilquinta Energía and third parties, and a 50 percent interest in Eletrans S.A., which owns, constructs, operates and maintains power transmission facilities.
Following the sale of Sempra’s Peruvian businesses in April, the completion of the Chilean transactions concludes Sempra Energy
