Duke Energy Closes Sale of International Business in Brazil

Duke Energy said it has completed the sale of its international business in Brazil to China Three Gorges Corp for approximately $1.2 billion.

The company is exiting the Latin American market to focus on its domestic regulated business, which was further bolstered by the acquisition of Piedmont Natural Gas.

Duke Energy announced the sale of its Brazil assets to China Three Gorges Corp. and the sale of its remaining Latin American assets in Peru, Chile, Ecuador, Guatemala, El Salvador and Argentina, to I Squared Capital in October.