Odebrecht nears terms on Chaglla sale

Odebrecht nears terms on Chaglla sale

Peru M&A Project & Infrastructure Finance

Odebrecht is assessing a second round of offers from four shortlisted bidders for the 406 MW Chaglla hydroelectric power plant in Peru, LatinFinance understands. The Brazilian builder could could earn roughly $1.1bn for the asset, said a source close to the sale. An agreement will likely be signed in the first half of the year, he added. Sources involved in the sale did not identify the shortlisted bidders, but a banker away from the deal said interest had come from French electric utility Eng

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