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Sempra Energy to sell Chilean businesses for $2.23 billion to China's State Grid

Reuters
Sempra Energy headquarters is pictured in downtown San Diego

(Reuters) - U.S. power company Sempra Energy <SRE.N> said on Monday it would sell is Chilean businesses to China's State Grid International Development Limited for $2.23 billion in cash.

The deal includes Sempra's 100% stake in Chilquinta Energía S.A., Tecnored S.A. and a 50% interest in Eletrans S.A.

Reuters reported on Friday that the companies were close to an agreement.

(Reporting by Arundhati Sarkar in Bengaluru; Editing by Saumyadeb Chakrabarty)