--China Southern Power Grid Co. is mulling a binding bid for Italian utilities company Enel SpA's distribution operations in Peru, according to people familiar with the matter, Bloomberg reports.
--The Chinese energy firm is working with a financial adviser, after entering into a second round of bidding as well as conducting due diligence, the people said, according to Bloomberg.
--There is no certainty that China Southern Power will proceed with an offer given that considerations are ongoing, Bloomberg reports, citing the people.
--Enel's distribution assets in Peru could be valued at about $3 billion, Bloomberg said.
Full story: https://bit.ly/3IpRNAl
Write to Justina Lee at justina.lee@wsj.com
(END) Dow Jones Newswires
02-24-23 0326ET