State Grid acquires largest Chilean utility for EUR 2.6bn

13 November 2020 - 12:00 am UTC

The Chinese state-owned company State Grid International Development, a subsidiary of State Grid Corporation of China, has agreed to acquire Chile’s largest utility from Spanish energy company Naturgy.

State Grid will acquire a 96.04% stake in Compañía General de Electricidad (CGE), a utility that covers 45% of households in Chile, according to a Naturgy release.

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State Grid acquires largest Chilean utility for EUR 2.6bn

The Chinese state-owned company State Grid International Development, a subsidiary of State Grid Corporation of China, has agreed to acquire Chile’s largest utility from Spanish energy company Naturgy.