State Grid to acquire CGE in Chile for $3.04 billion

State Grid International Development Limited agreed to acquire a 96% stake in Compania General de Electricidad S.A. (CGE) from Naturgy Energy Group for $3.04 billion. CGE is the largest distribution and second-largest transmission network in Chile.

“This is the largest transaction signed in Chile this year, and State Grid’s second major recent acquisition in Chile.”paulweiss.com

• 1 source
• paulweiss.comChina’s State Grid to Acquire Chilean Utility Company Compania General de Electricidad for $3 Billion | Paul, WeissNov 13, 2020

Summarized from public sources; check the original articles before acting on it.