M&A Deal Summary

State Grid China Acquires Chilquinta Energia SA

On October 14, 2019, State Grid China acquired utilities company Chilquinta Energia SA from Sempra for 2.2B USD

Acquisition Highlights
  • This is State Grid China’s 1st transaction in the Utilities sector.
  • This is State Grid China’s largest (disclosed) transaction.
  • This is State Grid China’s 1st transaction in Chile.

M&A Deal Summary
Date 2019-10-14
Target Chilquinta Energia SA
Sector Utilities
Buyer(s) State Grid China
Sellers(s) Sempra
Deal Type Divestiture
Deal Value 2.2B USD

Target

Chilquinta Energia SA

Valparaíso, Chile
website
Chilquinta Energia SA supplies electricity to more than 580,000 homes in the Valparaíso Region. Connected with innovation, we work daily to deliver a better service. We attend all your questions 24/7 through an internal message.

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Buyer(S) 1

Buyer

State Grid China

Beijing, China

website

Category Company
Sector Utilities
Employees849,594
Revenue 298.4B USD (2012)
DESCRIPTION

SGCC's core business is to build and operate power grids and provide secure and reliable power energy within China.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
Country (Chile) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Sempra

San Diego, California, United States

website

Category Company
Founded 1998
Sector Utilities
Employees18,000
Revenue 12.9B USD (2021)
DESCRIPTION
Sempra Energy's corporate headquarters in downtown San Diego, California.
Sempra Energy's corporate headquarters in downtown San Diego, California.

Sempra develops and operates critical energy infrastructure and provides gas and electricity services primarily in the Western United States. Sempra was founded in 1998 and is based in San Diego, California.

DEAL STATS #
Overall 7 of 8
Sector (Utilities) 3 of 3
Type (Divestiture) 6 of 7
Country (Chile) 1 of 1
Year (2019) 4 of 4
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-30 Luz del Sur S.A.A.

San Isidro, Peru

Luz del Sur S.A.A. operates as an electric power distribution company in Peru and Latin America. It serves approximately 960 thousand residential, commercial, industrial, and other customers in the southeast area of Lima in Peru.

Sell $3.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 PXiSE Energy Solutions

San Diego, California, United States

PXiSE Energy Solutions is a developer of software that enables utilities and other grid operators to deliver reliable and stable power by managing renewables and distributed energy resources (DERs) in real-time. PXiSE Energy Solutions was founded in 2016 and is based in San Diego, California.

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