hite & Case LLP has advised Sempra Energy on the deal.
Sempra Energy completed the sale of its Chilean businesses, generating approximately US$2.23 billion in total cash proceeds, subject to post-closing adjustments. The sale to State Grid International Development Limited (SGID) includes Sempra Energy’s 100 percent stake in Chilquinta Energía S.A. (Chilquinta Energía).
The sale also includes a 100 percent interest in Tecnored S.A., which provides electric construction and infrastructure services to Chilquinta Energía and third parties, and a 50 percent interest in Eletrans S.A., which owns, constructs, operates and maintains power transmission facilities.
Sempra Energy’s mission is to become North America’s premier energy infrastructure company, connecting millions through the power of people, ideas and innovation. The company’s more than 18,000 employees are focused on delivering energy with purpose to more than 35 million consumers. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, social responsibility and investment value.
Chilquinta Energía is the third-largest distributor of electricity in Chile. Chilquinta Energía provides electricity to a population of approximately two million in the regions of Valparaíso and Maule in central Chile and is active in the development and operation of electric transmission lines.
The White & Case team that advised Sempra Energy on the transaction was led by partners Thomas Lauria (Picture) and Marwan Azzi, and included partners Greg Pryor, Michael Deyong, David Dreier, Henrik Patel, Arlene Arin Hahn and Seth Kerschner, as well as associates Jennifer Djavaherian, Jason Krause, Arian Mossanenzadeh and Grayson Weeks in New York; partner Vivian Tsoi in Shanghai; and partner Grace Fan-Delatour, local partner Shaohui Jiang and associate Xiaofeng (Allison) Gong in Beijing.
Involved fees earner: Marwan Azzi – White & Case; Michael Deyong – White & Case; Jennifer Djavaherian – White & Case; David Dreier – White & Case; Grace Fan-Delatour – White & Case; Xiaofeng Gong – White & Case; Arlene Arin Hahn – White & Case; Shaohui Jiang – White & Case; Seth Kerschner – White & Case; Jason Krause – White & Case; Thomas Lauria – White & Case; Arian Mossanenzadeh – White & Case; Henrik Patel – White & Case; Gregory Pryor – White & Case; Vivian Tsoi – White & Case; Grayson Weeks – White & Case;
Law Firms: White & Case;
Clients: Sempra Energy;