China Three Gorges Weighs $2 Billion IPO of Brazil Unit


Source: bnnbloomberg.ca bnnbloomberg.ca

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(Bloomberg) -- China Three Gorges Corp. is exploring an initial public offering of its Brazilian unit as the Chinese energy giant seeks to raise funds for expansion in Latin America, according to people familiar with the matter. The Chinese state-owned company has held talks with prospective advisors to prepare for the potential share sale in Sao Paulo, which could raise about $2 billion, the people said. A listing could happen as soon as the end of this year, according to the people, asking not to be identified because the matter is private. An IPO could value China Three Gorges’s Brazilian...