CPPIB-backed Brazilian JV to grow through renewable power buys: Reuters
A joint venture formalized last week by one of Brazil’s largest conglomerates and a Canadian retirement fund plans to become a major renewable power generator in Brazil, mostly through acquisitions, Reuters reported. Brazil’s Votorantim Energia, controlled by privately-held Votorantim SA, and Canada Pension Plan Investment Board (CPPIB) last week closed a deal to form a 50-50 venture to invest in renewable energy in Brazil. Among the opportunities the JV is looking at are subsidiaries that Brazil’s state-controlled power company Centrais Elétricas Brasileiras SA plans to sell.
5 June 2018•2 mins read
