Baker McKenzie and White & Case have the lead roles on a $3.59 billion offer that will see a Chinese power producer bid to acquire U.S.-based Sempra Energy’s Peruvian business, in the largest Chinese outbound deal announced so far this year.
Beijing-based China Yangtze Power Co., a subsidiary of state-owned energy company China Three Gorges Corp., is acquiring from Sempra an 83.6% stake in Luz del Sur S.A.A., the largest listed power company on the Lima Stock Exchange, for $3.59 billion in cash.
