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Sempra Energy continues South America divestments

iStock.com/Luciano_Queiroz

Chinese utility company State Grid has hired Paul, Weiss, Rifkind, Wharton & Garrison across five offices and Carey in Santiago to buy Sempra Energy’s Chilean assets in a deal worth nearly US$2.2 billion, two weeks after Sempra sold its Peruvian assets to China Yangtze Power for US$3.6 billion.