Deals
Duke Said to Narrow Bidders for $2 Billion Latin America Sale
- Engie, Canada’s Brookfield chosen to submit binding bids
- China Three Gorges also invited to make offer by end-August
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Duke Energy Corp. has invited Canada’s Brookfield Asset Management Inc. and French utility Engie SA to submit binding bids for its Latin American power assets, people with knowledge of the matter said.
State-owned electricity generator China Three Gorges Corp. was also chosen to proceed to the next round, according to the people, who asked not to be identified because the information is private. Binding offers for the assets, which could fetch about $2 billion, are due by end of this month, the people said.