Sempra Energy To Sell Argentine Assets

Sempra Energy, the San Diego-based US utility, announced Wednesday it has decided to sell its interests in two Argentine natural gas distribution companies. Sempra owns 37% of Camuzzi Gas Pampeana and 39% of Camuzzi del Sur, both based in Buenos Aires. The decision to sell off the companies was part of a strategy to “shed non-strategic assets”, said the company. The sale will result in a fourth-quarter, non-cash impairment charge of around $200 million, said Sempra.