China Enters Brazilian LNG-to-Power Projects
Feb 3, 2021 11:50:am
Summary The two gas-to-power projects will serve up to 14mn Brazilian households with power, and more are in the pipeline.
by: Joe Murphy
Spic Brasil, a subsidiary of China s State Power Investment Corp, has closed the purchase of 33% interests in the GNA I and GNA II LNG-to-power pro.
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(Bloomberg) In a challenging year for Chinese companies pursuing acquisitions abroad, Latin America emerged as a region where they were able to make some corporate marriages work.Overseas acquisitions by Chinese firms are heading for their fourth consecutive yearly decline, with a $31.1 billion tally that’s the lowest since 2007, according to data compiled by Bloomberg. Transactions targeting Latin America totaled $7.7 billion, more than Europe and North America combined.Chinese suitors have met heightened scrutiny in Europe and the U.S. this year as the pandemic left their strategic industries vulnerable for hostile takeovers, adding to national security concerns. Buyers from Asia’s largest economy then turned their focus on Latin America, where years of political and social uncertainty have prompted some other foreign firms to leave.“That’s opened a once-in-a-lifetime window of opportunity for long-term strategic investors from China,” said Alfred
(Bloomberg) In a challenging year for Chinese companies pursuing acquisitions abroad, Latin America emerged as a region where they were able to make some…