M&A Deal Summary

China Three Gorges Acquires Duke Energy - Brazil International Business

On December 29, 2016, China Three Gorges acquired energy services and equipment company Duke Energy - Brazil International Business from Duke Energy for 1.2B USD

Acquisition Highlights
  • This is China Three Gorges’ 1st transaction in the Energy Services and Equipment sector.
  • This is China Three Gorges’ largest (disclosed) transaction.
  • This is China Three Gorges’ 1st transaction in the United States.
  • This is China Three Gorges’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2016-12-29
Target Duke Energy - Brazil International Business
Sector Energy Services and Equipment
Buyer(s) China Three Gorges
Sellers(s) Duke Energy
Deal Type Divestiture
Deal Value 1.2B USD

Target

Duke Energy - Brazil International Business

Charlotte, North Carolina, United States
Duke Energy Corp. - International Business includes energy assets in Brazil.

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Buyer(S) 1

Buyer

China Three Gorges

Beijing, China

Category Company
Founded 1993
Sector Utilities
DESCRIPTION

China Three Gorges Corp. is a state-owned power company in china.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Duke Energy

Charlotte, North Carolina, United States

Category Company
Founded 1904
Sector Energy Services and Equipment
Employees27,859
Revenue 29.1B USD (2023)
DESCRIPTION

Duke Energy is an electric power holding companies in the United States. Its regulated utility operations serve approximately 4 million customers located in five states in the Southeast and Midwest, representing a population of approximately 11 million people. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States. Duke Energy was incorporated in 1904 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 8 of 9
Sector (Energy Services and Equipment) 4 of 4
Type (Divestiture) 6 of 6
State (North Carolina) 3 of 3
Country (United States) 6 of 7
Year (2016) 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-20 Duke Energy - Peru Chile Ecuador Guatemala Business

Peru

Duke Energy Corp. - Peru, Chile, Ecuador, Guatemala Business includes energy services.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-24 Duke Energy Renewables

Kansas, United States

Duke Energy Renewables LLC is a provider renewable energy services.

Sell -