Brookfield closes $1.3 bln sale of Chilean transmission business
Brookfield Infrastructure Partners has closed its sale of a 27.8 percent stake in ETC Transmission Holdings SL, the parent company of Transelec SA, a Chilean power transmission business. The deal, announced late last year, was valued at US$1.3 billion. The buyer was Chinese state-owned China Southern Power Grid International (HK) Co Ltd. Based in Santiago, Transelec is Chile's largest power transmission operation, with more than 10,000 kilometres of electricity lines serving about 98 percent of the population. Brookfield Infrastructure was part of a group that acquired Transelec in 2006.
15 March 2018•2 mins read
