M&A Deal Summary

China Yangtze Power Acquires Luz del Sur S.A.A.

On September 30, 2019, China Yangtze Power acquired utilities company Luz del Sur S.A.A. from Sempra for 3.6B USD

Acquisition Highlights
  • This is China Yangtze Power’s 1st transaction in the Utilities sector.
  • This is China Yangtze Power’s largest (disclosed) transaction.
  • This is China Yangtze Power’s 1st transaction in Peru.

M&A Deal Summary

Date 2019-09-30
Target Luz del Sur S.A.A.
Sector Utilities
Buyer(s) China Yangtze Power
Sellers(s) Sempra
Deal Type Divestiture
Deal Value 3.6B USD

Target

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.

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Buyer(S) 1

Buyer

China Yangtze Power

Beijing, China

Category Company
Founded 2002
Sector Utilities
Employees7,683
Revenue 78.1B CNY (2023)
DESCRIPTION

China Yangtze Power is an entity which engages in electric power production, technological consultation of electric power generation and selected distribution services. China Yangtze Power was founded in 2002 and is based in Beijing, China.


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

Seller(S) 1

SELLER

Sempra

San Diego, California, United States

Category Company
Founded 1996
Sector Utilities
Employees16,835
Revenue 16.7B USD (2023)
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 1996 and is based in San Diego, California.


DEAL STATS #
Overall 6 of 9
Sector (Utilities) 2 of 3
Type (Divestiture) 5 of 7
Country (Peru) 1 of 1
Year (2019) 3 of 4
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-12 Sempra Energy - U.S. Renewables Business

San Diego, California, United States

Sempra Energy - U.S. Renewables Business owns all or part of seven wind farms and one battery installation in seven states.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-14 Chilquinta Energia SA

Valparaíso, Chile

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.

Sell $2.2B