State Grid International Development Co., Ltd. formally launched a takeover bid to acquire the remaining 3.96% stake in Compañía General de Electricidad S.A. (SNSE:CGE) on June 22, 2021. In a related transaction, State Grid International Development Co., Ltd. reached an agreement to acquire 96.04% stake in Compañía General de Electricidad S.A. (SNSE:CGE) from Naturgy Energy Group, S.A. (BME:NTGY) and others for CLP 2.3 billion(€2.6 billion) on November 13, 2020. The offer will remain open from June 22, 2021 and is expected to close on July 23, 2021. State Grid International Development Co., Ltd. completed the acquisition of an additional 1.1% stake in Compañía General de Electricidad S.A. (SNSE:CGE) on July 26, 2021. Upon completion, State Grid International now holds 97.145% stake in Compañía General.