Clai Fund $315 million acquisition of 33% Duke Energy International Brazil Holdings

Overview:

• Clai Fund, a Chinese fund which invests in Latin America, is acquiring 33% of Duke Energy International Brazil Holdings from the China Three Gorges Corporation, in a transaction worth $315 million. 
• In October 2016, China Three Gorges Corporation indirectly acquired Duke Energy Paranapanema (a company that Duke Energy International Brazil Holdings has the majority of shares of) from Duke Energy International. 
• Duke Energy Brazil assets include eight hydroelectric plants with a capacity of 2,057MW located between São Paulo and Parana states and two 17MW hydroelectric plants on the Sapucai Mirim River in the state of São Paulo.   

Rani Mehta - Journalist