French, Chinese firms circle Sempra's Luz del Sur

French, Chinese firms circle Sempra's Luz del Sur

M&A Energy Electricity Peru Andean China Europe

Frances's Engie and an unnamed Chinese firm are the last two suitors for Luz del Sur, a Peruvian power utility owned by the US company Sempra Energy.  "It looks like Engie or this firm are the top remaining bidders for the asset," an M&A banker in Lima said without naming the Chinese company. China Southern Power Grid acquired a 27.8% stake in Chile's Transelec for $1.3bn in March last year, its first acquisition in Latin America. China's State Grid took over Brazil's CPFL Energia in January

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