Sempra Buys S. American Utilities
Posted on January 20, 2011 at 18:05 PM EST
Sempra Energy (NYSE:SRE), through its subsidiary Sempra Pipelines & Storage, plans to acquire AEI’s stake in two South American utilities, which it has been owning jointly with AEI for the past 12 years. The company will pay roughly $875 million for the two electric distribution utilities – Chilquinta Energia S.A. and Luz del Sur. Sempra [...]