The board of Brazil's Securities and Exchange Commission (CVM) has given State Grid Corporation of China 30 days to recalculate the price at which it would buy out minorities in CPFL Energias Renovaveis. The board has ruled that a minimum price should not be set
The Securities and Exchange Commission of Brazil (CVM) has changed the date of the live auction to 4 June 2018. New offers can be submitted until 14 May
Enel has raised the price of its voluntary tender offer for the Brazilian power distributor to BRL32.2 per share from BRL32.0 apiece. With the price, Enel’s overall investment in Eletropaulo could reach BRL5.4 billion (US$1.55 billion) securing over 50% stakes
Enel has raised its offer to BRL32.0 per share. In response, Neoenergia SA has raised its bid to BRL32.10