Deals
Duke Energy Leaving Latin America Through $1.6 Billion in Deals
- Power generator selling Brazil business to China Three Gorges
- I Squared Capital buying rest of its Latin America assets
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After eight months of shopping around assets, Duke Energy Corp. is getting out of the Latin American business.
The Charlotte, North Carolina-based power generator reached deals on Monday to sell all of its operations in South and Central America for about $1.6 billion in cash. China Three Gorges Corp. is buying its Brazilian plants for about $780 million, and New York-based private equity group I Squared Capital is purchasing its businesses in Peru, Chile, Ecuador, Guatemala, El Salvador and Argentina for about $850 million.