REUTERS: U.S. power company Sempra Energy is near an agreement to sell its Chilean business to State Grid Corporation of China for close to US$3 billion, the latest deal in its bid to shed non-core assets, people familiar with the matter said on Friday.
Sempra declined to comment, while State Grid Corporation of China did not immediately respond to requests for comment. Chile, among Latin America's most open economies and the world's top copper exporter, has sought to remain neutral amid the growing trade tensions between China and the United States, promoting instead the need for open markets.Sempra said in January it would wind down its South American businesses. Last month, it announced it would sell its Peruvian businesses to a unit of China Yangtze Power Co for US$3.6 billion, as it focuses on its core U.S. and Mexican markets.
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