Key facts
- China Southern Power Grid Co. has abandoned its pursuit of a deal for Chile's Transelec.
- The company was reportedly interested in acquiring a stake in Transelec.
- Transelec is the largest electricity transmission company in Chile.
China Southern Power Grid Co. has abandoned its pursuit of a deal to acquire a stake in Chile's main electricity transmission network. The company had reportedly been interested in acquiring a stake in Transelec, which is the largest transmission company in Chile. The reasons for abandoning the pursuit were not disclosed.