Sempra Energy completes sale of Peruvian businesses for $3.6b and turns focus to North America’s market
Sempra Energy, a US-based energy infrastructure company, has completed the sale of its Peruvian businesses to China Yangtze Power's subsidiary, China Yangtze Power International (Hong Kong) for $3.59 billion.
The sale includes the 83.6% stake of Sempra Energy in Luz del Sur along with its ownership interests in Tecsur, which provides electric construction and infrastructure services to Luz del Sur and third parties, reports NS Energy.
Peru-based electric utility company, Luz del Sur distributes electricity to more than 4.9 million consumers in the southern region of Lima.
Sempra Energy said it would move forward with the sale of its Chilean businesses, which include its 100% stake in Chilquinta EnergÃa for around $2.23 billion.
Sempra Energy chairman and CEO Jeffrey W. Martin said: "We also remain on track for the sale of our Chilean businesses, which will complete the divestiture of all of Sempra Energy's South American assets and further our mission to become North America's premier energy infrastructure company."
Source: NS Energy
