RIO DE JANEIRO, BRAZIL - The Chinese energy giant is reportedly exploring an initial public offering of its Brazilian unit - looking to finance a bold expansion into Latin America. (Bloomberg)
An IPO could apparently value China Three Gorges’ Brazilian outfit at up to US$10 billion, making it an instant powerhouse in the region.
A listing is expected could happen before the end of 2022.
The China Three Gorges Corporation (CTG) is a Chinese state-owned power company, established on 27 September 1993.
The company was responsible for the construction of the Three Gorges Dam-project, the world's largest hydroelectric . . .