(Corrects buyer to China’s State Grid International Development)
MADRID, Nov 13 (Reuters) - Spanish power company Naturgy said on Friday it had agreed to sell 96% of its Chilean electricity utility Compania General de Electricidad to China’s State Grid International Development for 2.57 billion euros ($3.04 billion) in cash.
Naturgy said it expected to book a pre-tax capital gain of about 400 million euros on the sale.
$1 = 0.8457 euros Reporting by Inti Landauro; editing by David Evans
Our Standards: The Thomson Reuters Trust Principles.