Latham Reps Sempra In $875M AEI Utilities Deal

Law360, New York (January 20, 2011, 3:55 PM EST) -- AEI Services LLC will sell the bulk of its stake in two South American utilities to Sempra Pipelines & Storage in an $875 million deal, part of a broad move to offload units and refocus its business.

Sempra Pipelines, a unit of Sempra Energy, will purchase AEI's stakes in Chile-based Chilquinta Energia SA and Peru-based Luz del Sur, joint ventures currently shared equally by the companies, Sempra announced in statement Wednesday.

The deal, expected to close in the second quarter, will give Sempra 100 percent ownership...
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