Sempra Energy sheds stake in Luz del Sur

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Sempra Energy has entered into an agreement to sell its equity interests in its Peruvian businesses, including its 83.6% stake in Luz del Sur S.A.A., to China Yangtze Power International (Hongkong) Co., Limited (CYP). Sempra Energy's interests will be sold for US$3.59 billion in cash, subject to closing adjustments for working capital and net indebtedness.

The sale will also include Sempra Energy's interest in Tecsur S.A., which provides electric construction and infrastructure services to Luz del Sur and third parties, and Inland Energy S.A.C., Luz del Sur's generation business.

The sale is expected to be completed in the first quarter of 2020, subject to customary closing conditions, including approval by the Peruvian anti-trust authority and the Bermuda Monetary Authority.

BofA Merrill Lynch and Lazard are serving as financial advisors to Sempra Energy on the sale, and White & Case is serving as legal advisor.

Luz del Sur serves the southern region of Lima, Peru, and is the largest electric company in the country.

List of the country updates

Country updates

  • September 24, 2019

    Ardian co-invests with Solarpack into two solar projects in Peru

    Solarpack Corporación Tecnológica, S.A. has signed an agreement with Ardian for its entry in the share capital of the solar projects Tacna Solar and Panamericana Solar. Solarpack will ke...

    Read more
  • September 19, 2019

    Solarpack completes the acquisition of Tacna Solar and Panamericana Solar in Peru

    Solarpack Corporación Tecnológica, SA has closed the acquisition of 90.5% of the solar photovoltaic projects Tacna Solar and Panamericana Solar with TAWA SOLAR FUND LP and the rest of th...

    Read more
  • August 20, 2019

    Grupo Energía Bogotá concludes acquisition of Electro Dunas Group

    Grupo Energía Bogotá S.A. E.S.P. (GEB) and Blue Water Worldwide LLC, a fund managed by Blue Water Advisors LP (Blue Water), have announced  that Electro Dunas Cayman Holdings Ltd.,...

    Read more
  • June 26, 2019

    Grenergy closes financing for 36.8 MW of wind projects in Peru

    Grenergy has closed a financing agreement of US$40 million with the Latin American Development Bank (CAF) and the Instituto Oficial de Crédito (ICO), for the construction and development of two...

    Read more
  • June 07, 2019

    Solarpack signs agreement to acquire Tacna Solar and Panamericana Solar power plants in Peru

    Solarpack Corporación Tecnológica, SA has announced the signing of a share purchase agreement for the acquisition of 90.5% of the solar photovoltaic projects Tacna Solar and Panamericana...

    Read more

Share this update