Duke Energy has completed the previously announced sales of its international businesses in Peru, Chile, Ecuador, Guatemala, El Salvador and Argentina to I Squared Capital for approximately $1.2 billion enterprise value.
The sale – completed on 20 December – includes a portfolio of hydroelectric and thermal power plants, totaling 2300MW, plus transmission infrastructure and natural gas processing facilities.
In a statement the company said it is exiting the Latin American market to focus on its domestic US regulated core business. It had initially announced the sale of its assets in the six countries to I Squared Capital and the sale of its Brazil assets to China Three Gorges Corp. in October 2016.
"We are pleased to have closed this transaction so quickly," said Duke Energy chairman, president and CEO Lynn Good. "The sale of the Brazilian assets is expected to be completed in the near future."
