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Bloomberg: Brookfield, Chinese firms weigh bids for Duke power plants

Jun. 21, 2016 10:17 AM ETBrookfield Corporation (BN) Stock, BN:CA StockDUK, BNBy: Carl Surran, SA News Editor7 Comments
  • Brookfield Asset Management (BAM +0.9%), China Three Gorges Corp. and China's State Power Investment Corp. are among groups weighing offers for Duke Energy’s (DUK +0.1%) Latin American power plants in a sale that could fetch more than $2B, Bloomberg reports.
  • DUK said in February that it is considering the sale of ~4,400 MW of generating capacity in Central and South America.
  • Half the assets up for sale are in Brazil, where drought and an economic downturn hurt DUK’s results last year, with the rest in Argentina, Chile, Ecuador, El Salvador, Guatemala and Peru.

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