CTG considers IPO in Brazil

CTG considers IPO in Brazil

Equity IPO Capital Markets Energy Electricity Hydro Wind

Chinese state-owned power company China Three Gorges (CTG) is considering an initial public offering (IPO) for its subsidiary in Brazil to raise funds for its expansion plans across Latin America, Bloomberg reported. CTG Brasil could earn $2 billion in a share sale on the B3 stock exchange in São Paulo near the end of the year, although the company has not yet put a size on the deal, Bloomberg said, citing sources familiar with the company's plans. Market volatility in the wake of the Russian in

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