March 19, 2019 |
Italy's Enel will likely focus on Luz del Sur in Peru as its next acquisition target in South America and leave Chile's Chilquinta to other bidders, LatinFinance has heard.
Sempra Energy said in January that it wants to sell Luz del Sur and Chilquinta, its two subsidiaries in South America, and focus more on Mexico and the United States.
"Enel is unlikely to want to buy Chilquinta as it could face antitrust issues in Chile," said an M&A banker in Lima.
But the Italian energy company will
US energy company Sempra could be in a hurry to sell its utility business in Peru before the government enacts a new M&A law, source says