Brookfield to take control of Brazil's Renova: Reuters
Canada's Brookfield Asset Management has agreed to buy Light SA's stake in Brazilian renewable energy company Renova Energia SA and eventually become controlling shareholder, a source with direct knowledge of the talks told Reuters. Brookfield will first acquire a 20.3 percent stake owned by Light in Renova, worth about US$64 million. A second step to become controlling shareholder will involve a capital injection of 800 million reais, diluting controlling investor Centrais Elétricas de Minas Gerais SA, the source said.
12 May 2017•1 min read
