# 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.

- Type: Acquisition
- Announced: 2020-11-13
- Where: Chile
- Value: $3.04B
- Status: announced
- Products: electricity distribution, electricity transmission
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [State Grid International Development Limited](https://endata.com/companies/51174.md) (acquirer)
- [Compania General de Electricidad S.A.](https://endata.com/companies/51175.md) (target)
- [Naturgy Energy Group S.A.](https://endata.com/companies/51176.md) (partner)

## Sources

- [paulweiss.com](https://www.paulweiss.com/insights/client-news/china-s-state-grid-to-acquire-chilean-utility-company-compania-general-de-electricidad-for-3-billion), 2020-11-13: "This is the largest transaction signed in Chile this year, and State Grid’s second major recent acquisition in Chile."

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