Canadian pension funds including Canada Pension Plan Investment Board are considering selling their stakes in Chile’s biggest power-transmission company Transelec SA, seeking a combined $3 billion, according to people familiar with the matter.
CPPIB, British Columbia Investment Management Corp. and Public Sector Pension Investment Board are in the early stages of evaluating a potential sale of their roughly 72% stake in the Santiago-based utility, the people said, asking not to be identified because the matter is private.
Potential suitors could include China Southern Power Grid Co., which already owns almost 28% of Transelec as the single biggest shareholder, ...
