The acquisition of Duke Energy assets in Brazil by CTG Brasil was awarded the Cross-Border M&A Deal of the Year for 2017 by Latin Finance magazine. CTG Brasil acquired eight hydropower plants with a total installed capacity of 2,242 MW, located on Paranapanema River, and two small hydropower plants with a total installed capacity of 16 MW each, in Sapucaí-Mirim river, in Sao Paulo state. The value of the business was US$ 1.2 billion.
“We have become a company with assets that are benchmarks in operation, maintenance, sustainability, health and safety, adding even greater value to portfolio.” said, Li Yinsheng, CEO of CTG Brasil. The ceremony took place last night, Jan. 17 in New York.
The award was received by Liu Yujun, vice president of Business Development, who congratulated the CTG teams from Brazil and China, as well as its legal and financial advisors. “Latin Finance award recognized CTG’s capability to manage a complex and large deal in an extraordinary short time of eight months from NDA to signing. This prize reinforces CTG’s resolution in becoming an international first-tier company”, he said.
On the morning of the 17th, Liu Yujun had already participated in a panel discussion with representatives of other companies awarded by Latin Finance, which discussed economic trends, sources and financing structures in Latin America.
Latin Finance’s Deals of the Year Awards is held annually and recognizes the outstanding institutions and transactions in the capital markets of Latin America and the Caribbean. The winners are determined by Latin Finance’s editors based on an exhaustive selection process involving examination of data and in-depth feedback and discussions with market participants.