Recent events
Recent events tied to this brand in public sources.
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2021
Zhengzhou Hydraulic Machinery fined for environmental violation
Zhengzhou Hydraulic Machinery Co., Ltd. was fined RMB 70,400 for an environmental violation. The penalty decision said that four welding-fume purifiers used in its welding operations were not functioning properly. The source identifies Yangtze Power as an indirect investor in the company.
2019
Yangtze Power reaches agreement to acquire an 83.6% stake in LDS
Yangtze Power reached an agreement with Sempra to acquire an 83.6% stake in LDS for US$3.59 billion. The source describes the deal as a successful bid; it does not state that the acquisition was completed.
2019
China Yangtze Power announces acquisition of Luz del Sur stake
China Yangtze Power announced that its wholly owned subsidiary had signed an agreement to acquire 83.64% of Luz del Sur through two subsidiaries of Sempra Energy’s holding entity. The transaction remained subject to regulatory approvals and filings; Sempra Energy said it was expected to complete in the first quarter of 2020.
2019
Yangtze Power announces acquisition of Peruvian electricity assets
Yangtze Power announced that it had agreed to acquire Sempra Energy's Peruvian electricity-distribution assets for a base purchase price of US$3.59 billion in cash. The agreement was signed on September 28, 2019; the source does not report that the acquisition was completed.
2019
Yangtze Power agrees to acquire Sempra's Peruvian power assets
Yangtze Power said it had agreed with Sempra Energy to acquire Sempra's Peruvian distribution assets through its wholly owned subsidiary, with a base purchase price of US$3.59 billion in cash. The agreement was signed on September 28, 2019.