October 10, 2016 / 11:11 AM / 10 months ago

CORRECTED-BRIEF-Duke Energy to sell its Brazilian business for $1.2 bln (Oct. 10)

(In Oct. 10 brief, corrects source to Duke Energy from China Three Gorges)

Oct 10 (Reuters) - Duke Energy Corp :

* Duke Energy to sell its Brazilian business to China Three Gorges Corporation for $1.2 billion enterprise value

* After-tax proceeds from the transaction are expected to be used to reduce duke energy holding company debt

* Negotiations to sell the remaining Latin American assets in final stages

* Moving through process of negotiating sale of remaining assets in Central, South America Source text for Eikon: Further company coverage:

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