China Southern Power Grid Considers Bid for Enel's Peruvian Assets, Bloomberg Reports

--State-owned China Southern Power Grid Co. is weighing a binding bid to acquire Enel SpA's power distribution assets in Peru, Bloomberg reports, citing sources familiar with the matter.

--The Rome-based energy company's Peruvian distribution operations could be valued at around $3 billion, according to the news outlet.

--China Southern Power Grid is working with a financial adviser after entering a second round of bidding, Bloomberg reports, adding that there's no certainty the firm will proceed with an offer.

Full story: https://bloom.bg/3IujYhw

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(END) Dow Jones Newswires

02-24-23 0638ET