# China Southern Power Grid buys 27.8% stake in Transelec for $1.3B

China Southern Power Grid completed the acquisition of a 27.8% stake in Transelec, Chile's largest transmission company, from BIP for $1.3 billion.

- Type: Acquisition
- Announced: 2018-03-27
- Where: Chile, Chile
- Value: $1.30B
- Status: completed
- Products: electricity transmission services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [China Southern Power Grid](https://endata.com/companies/3836.md) (acquirer)
- [Transelec](https://endata.com/companies/30963.md) (target)
- [BIP](https://endata.com/companies/30964.md) (partner)

## Sources

- [world.people.com.cn](https://world.people.com.cn/n1/2018/0327/c1002-29890164.html), 2018-03-27: "该公司日前与加拿大资产管理公司BIP在西班牙马德里和智利圣地亚哥两地完成股权交割，以13亿美元的价格成功收购BIP公司持有的智利Transelec公司约27.8%股权。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.