Duke Energy Corp. announced Monday that it has reached an agreement to sell its holdings in Brazil to China Three Gorges Corp. or CTG for approximately $1.2 billion in cash and the assumption of debt. Closing is expected to occur in two to four months. “We are also moving through the process of negotiating a sale of our remaining assets in Central and South America with the expectation of an additional announcement to follow,” said Duke Energy CEO Lynn Good, Nasdaq reports. Former Brazilian President Lula faces new corruption charges Former Brazilian President Luiz Inácio Lula da Silva is facing corruption charges for arranging government loans for a construction company, media reported. Lula da Silva was charged with money laundering, […]
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