Antofagasta PLC’s (LON:ANTO) subsidiary Mineral Centinela has agreed to sell its electricity transmission lines as part of its strategy to dispose of non-core assets.
Mineral Centinela, of which Antofagasta owns 70%, is selling Centinela Transmisión, the company that holds its electricity transmission lines, for US$117mln.
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"This sale is consistent with the group's strategy of disposing of its water and energy assets,” said Antofagasta chief executive Ivan Arriagada.
“This allows us to focus on our core business of producing copper safely and profitably, while also taking advantage of any organic growth opportunities that may arise.”