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Equity Bottom-Up

China Southern Power Grid Energy Efficiency & Clean Energy Co., Ltd / Equity Bottom-Up

China Southern Power Grid Energy Efficiency & Clean Energy Co., Ltd (0745276D CH)

China Southern Power Grid Energy Efficiency & Clean Energy Co., Ltd

<ul><li>China Southern Power Grid Co. Ltd. has agreed to pay around $2.9 billion to acquire two Peruvian assets from Italy’s biggest utility Enel SpA, as the Chinese state-owned major deepens its footprint in South America amid a global business expansion.</li><li>Under the agreement, a subsidiary of the Rome-based company will sell its entire 83.15% stake in distribution and supply company Enel Distribución Perú S.A.A. and 100% stake in advanced energy services provider Enel X Perú S.A.C. to China Southern Power Grid International (HK) Co. Ltd</li><li>The deal will further strengthen the Guangzhou-based operator’s presence in South America.</li></ul>

China Southern Power Grid Co. Ltd. has agreed to pay around $2.9 billion to acquire two Peruvian assets from Italy’s biggest utility Enel SpA, as the Chinese state-owned major deepens its footprint in South America amid a global business expansion.Under the agreement, a subsidiary of the Rome-based company will sell its entire 83.15% stake in distribution and supply company Enel Distribución Perú S.A.A. and 100% stake in advanced energy services provider Enel X Perú S.A.C. to China Southern Power Grid International (HK) Co. LtdThe deal will further strengthen the Guangzhou-based operator’s presence in South America.

China Utility Powers Up South American Presence With Peruvian Purchase