Naturgy sells its electricity grids in Chile to China State Grid

GO ECO GREEN21

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The Spanish energy company, Naturgy, has reached an agreement with the Chinese state-owned company State Grid International Development Limited (SGID) to sell its holding (96.04%) in the electricity grids business in Chile, Compañía General de Electricidad (CGE).


ENERGIA LIMPIA XXI. Naturgy has reached an agreement with the Chinese state-owned company State Grid International Development Limited (SGI) for the sale of its 96.04% holding in the electricity grids business in Chile, Compañía General de Electricidad (CGE) for an aggregate amount of €2,570 million, calculated in euros and payable in cash once the transaction has been completed.

“The agreement reached today will enable us to make firm progress in our transformation and it is an important first step in achieving our targets of asset rotation, that will allow us to be more ambitious in our investment and growth plans. Our aim is to be a leading…

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