Sempra Energy to sell equity interests in its South American businesses
Sempra Energy announced that the company is initiating the process to sell its equity interests in its South American businesses, including Luz del Sur S.A.A. in Peru and Chilquinta Energia in Chile. The planned sale includes Sempra Energy's 100% stake in Chilquinta Energia and 83.6% stake in Luz del Sur, as well as Sempra Energy's interests in two energy-services companies, Tecnored and Tecsur, which provide electric construction and infrastructure services to Chilquinta Energia and Luz del Sur, respectively. Sempra Energy originally acquired approximately 50% ownership in Chilquinta Energia and an approximate 42% ownership interest in Luz del Sur in 1999. Sempra Energy expects the planned sales process to be completed by the end of 2019.