• Facebook
  • Google Plus
  • Instagram
  • RSS Feed
  • Twitter

Menu

Skip to content
  • About
  • Staff
  • Contact
  • Advertise
  • FAQ
  • Privacy Policy
  • Terms of Service
Header image

MyNewsLA.comLogo

Breaking news for greater Los Angeles and Orange County

Menu

Skip to content
  • Crime
  • Government
  • Business
  • Education
  • Sports
  • Hollywood
  • Life
  • OC
  • Dodger Stadium Opens as COVID-19 Vaccination Site; 5 More Large Centers Coming
  • Judge Says Fired Princess Cruises Employee's Suit Needs Full Redo
  • Coroner's Inquest Upholds Homicide Death of 18-Year-Old by Deputy
  • City Council President Cancels Wednesday Meeting Due to Threats of Violence
  • USPS to Temporarily Remove Some Southland Mailboxes Prior to Inauguration

Home » Business » This Article

Sempra Energy Completes Sale of Its Peruvian Businesses

Posted by Contributing Editor on April 24, 2020 in Business | Leave a response
Share this article:
Facebooktwitterredditpinterestlinkedinmail

San Diego-based Sempra Energy announced Friday that it completed the sale of its Peruvian businesses, generating about $3.59 billion in total cash proceeds.

“We are very pleased with today’s announcement as the sales proceeds will be used to further strengthen our balance sheet and our already solid liquidity position,” said Jeffrey W. Martin, chairman and CEO of Sempra Energy.

“We’re also very excited that, in the face of current travel restrictions, all parties worked safely together to complete this deal as expected,” he said. “We also remain on track for the sale of our Chilean businesses, which will complete the divestiture of all of Sempra Energy’s South American assets and further our mission to become North America’s premier energy infrastructure company.”

The sale to China Yangtze Power International (Hongkong) Co., Limited and assigned to Yangtze Andes Holding Co., Limited includes Sempra Energy’s 83.6% stake in Luz del Sur S.A.A., as well as Tecsur S.A., which provides electric construction and infrastructure services to Luz del Sur and third parties, and Inland Energy S.A.C., Luz del Sur’s generation business.

Luz del Sur serves the southern region of Lima, Peru, and is the largest electric company in the country.

Yangtze Andes Holding Co. is a subsidiary of China Yangtze Power Co., which is China’s largest publicly listed power company.

Sempra Energy Completes Sale of Its Peruvian Businesses was last modified: April 24th, 2020 by Contributing Editor

>> Want to read more stories like this? Get our Free Daily Newsletters Here!

Follow us:
Facebooktwitterrss
Posted in Business | Tagged businesses, Completes, energy, Peruvian, sale, Sempra

Advertisement

Get The Latest News by Email!

Sign up here for our free newsletters. We’ll send you the latest headlines every morning and every weekday afternoon.

 
FORECAST FOR LOS ANGELES
57°
Clear
Feels like: 57°F
Wind: 1mph W
Humidity: 31%
Pressure: 29.98"Hg
UV index: 0
SunMonTue
84/54°F
77/55°F
70/55°F
Weather forecast Los Angeles, California ▸

Most Popular Today

  • Rape Victim Unconscious, But She’s Dead! Suspect Nabbed, Unclear When Victim Died In Pomona 4,400 views
  • Evacuations Ordered as 600-Acre Fire Threatens Mountain Center in Riverside County 3,000 views
  • Lancaster Man Killed in Crash Involving Big Rig 2,400 views
  • Man Arrested On Suspicion Of Rape In Pomona 2,000 views
  • Motorcyclist Killed in Irvine Crash 1,800 views

©2021 CalNews Inc.

Menu

  • About
  • Staff
  • Contact
  • Advertise
  • FAQ
  • Privacy Policy
  • Terms of Service