Sempra closes sale of Chilquinta Energía to SGID

Sempra Energy Group has completed the divestment of entire equity stakes in its Chilean businesses, Chilquinta Energía, to the State Grid International Development (SGID) for an investment of US$2.23 billion. 

The sale also includes Sempra Energy's interests in two energy-services companies, Tecnored and Tecsur, which provide electric construction and infrastructure services to Chilquinta Energía, and 50% stakes in Eletrans, a company that constructs, operates, maintains and owns power transmission projects.

Chilquinta Energía is the third-largest distributor of electricity in Chile. The utility provides electricity to more than 2 million consumers in the cities of Valparaiso and Viña del Mar in central Chile and also is active in the development and operation of electric transmission lines.