CTG-led consortium nets Chaglla

CTG-led consortium nets Chaglla

Project & Infrastructure Finance Peru M&A

A consortium led by China Three Gorges (CTG) has agreed to buy the Chaglla hydroelectric power plant in Peru from Brazil's Odebrecht for $1.39bn, putting the final touch on a deal that has spanned more than two years.The CTG-led consortium, which includes Hubei Energy Group, Ace Investment Fund and CNIC Corporation, conducted the acquisition through the Huallaga Holding Company, a limited liability company registered in Hong Kong, Odebrecht's Latin American subsidiary, Odebrecht Latinvest, said

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