--State-owned China Southern Power Grid Co. is weighing a binding bid to acquire Enel SpA's power distribution assets in Peru, Bloomberg reports, citing sources familiar with the matter.

--The Rome-based energy company's Peruvian distribution operations could be valued at around $3 billion, according to the news outlet.

--China Southern Power Grid is working with a financial adviser after entering a second round of bidding, Bloomberg reports, adding that there's no certainty the firm will proceed with an offer.

 

Full story: https://bloom.bg/3IujYhw

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

February 24, 2023 06:38 ET (11:38 GMT)

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