Banks line up to support State Grid’s $2.2bn Chilean buy

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Banks line up to support State Grid’s $2.2bn Chilean buy

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Money Food | yadali - stock.adobe.com

State Grid Corporation of China is seeking a loan to support its $2.23bn acquisition of Sempra Energy’s Chilean business. Even though it is a time of turmoil in Chile, lenders are bidding aggressively for the deal, owing to the state-owned Chinese company’s strong credentials, writes Pan Yue.

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