FILE PHOTO: Sempra Energy headquarters is pictured in downtown San Diego, California, U.S., May 17, 2018. REUTERS/Mike Blake
(Reuters) – U.S. power company Sempra Energy (SRE.N) said on Monday it would sell is Chilean businesses to China’s State Grid International Development Limited for $2.23 billion in cash.
The deal includes Sempra’s 100% stake in Chilquinta Energía S.A., Tecnored S.A. and a 50% interest in Eletrans S.A.
Reuters reported on Friday that the companies were close to an agreement.
Reporting by Arundhati Sarkar in Bengaluru; Editing by Saumyadeb Chakrabarty