--China Southern Power Grid Co. is mulling a binding bid for Italian utilities company Enel SpA's distribution operations in Peru, according to people familiar with the matter, Bloomberg reports.

--The Chinese energy firm is working with a financial adviser, after entering into a second round of bidding as well as conducting due diligence, the people said, according to Bloomberg.

--There is no certainty that China Southern Power will proceed with an offer given that considerations are ongoing, Bloomberg reports, citing the people.

--Enel's distribution assets in Peru could be valued at about $3 billion, Bloomberg said.

Full story: https://bit.ly/3IpRNAl

Write to Justina Lee at justina.lee@wsj.com

(END) Dow Jones Newswires

February 24, 2023 03:26 ET (08:26 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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