CHILQUINTA.CHILQUINTA, a diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a based in Chile, sold its subsidiary Chilquinta Energia Energia also called RKK Energia formerly OKB-1 Russian aerospace company that is a major producer of spacecraft, rockets, and missiles. Energia originated in 1946 as a department within a Soviet institute conducting work on long-range missiles. , an electricity distributer Dis`trib´u`ter n. 1. One who, or that which, distributes or deals out anything; a dispenser. Noun 1. distributer - someone who markets merchandise distributor , to two U.S. companies--Sempra Energy and Public Services Public services is a term usually used to mean services provided by government to its citizens, either directly (through the public sector) or by financing private provision of services. Enterprise Group--for US$830 million. Chilquinta Energia is the third-largest electricity distributor in Chile with 405,000 customers. With demand for electricity in Chile growing 8% a year since 1991, both companies expect strong future growth. Under terms of the agreement, the two U.S. companies will each own 50% of Chilquinta Energia. |
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