10.10.2016 - Duke Energy will sell the business in Brazil
In Duke Energy announced an agreement on the sale of the Brazilian business to China Three Gorges Corp. Enterprise value is estimated at 1.2 billion dollars and this money will be used to repay the debts. The company announced its intention to focus on its core business in the United States. The deal will be closed within 2-4 months. We positively assess this move and expect the company's shares rise by 12-15% in the coming months, but the medium-term outlook remains uncertain.