Antofagasta subsidiary sells transmission lines business for $117m
Antofagasta confirmed on Friday that its subsidiary Mineral Centinela was selling Centinela Transmisión - the company which holds its electricity transmission lines.
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The FTSE 100 firm said the sale price totalled $117m.
“This sale is consistent with the Group's strategy of disposing of its water and energy assets,” said Antofagasta chief executive officer Ivan Arriagada in a short statement.
“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.”