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Antofagasta's Mineral Centinela sells electricity transmission lines for US$117mln

Mineral Centinela, in which Antofagasta owns 70%, is selling Centinela Transmisión - the business that holds its electricity transmission lines
electricity
Antofagasta says the sale is part of its strategy to offload its water and energy assets

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.

READ: Antofagasta nearly doubles 2017 dividend as it posts sharp rise in earnings, thanks to higher copper prices

"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.”

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