Enel Brasil Investimentos Sudeste SA has made a voluntary tender offer for 100% of the shares of Eletropaulo, offering to pay BRL28 (US$8.3) per share, conditioned on the purchase of a total number of shares equal to a stake of more than 50%
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Enel Brasil Investimentos Sudeste SA has made a voluntary tender offer for 100% of the shares of Eletropaulo, offering to pay BRL28 (US$8.3) per share, conditioned on the purchase of a total number of shares equal to a stake of more than 50%. The total value of the deal is estimated at up to BRL4.7 billion (US$1.3 billion). Eletropaulo is now reviewing the terms and impacts of the offer together with its advisors and board of directors. The company will disclose its opinion on the offer to the market in 15 days
List of the country updates
Country updates
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April 16, 2018
Canadian Solar has announced the completion of the sale
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April 16, 2018
Neoenergia SA, Brazilian subsidiary of Iberdrola, has agreed to subscribe for 58.9 million new common shares in Eletropaulo at BRL25.51 per share
Neoenergia SA, Brazilian subsidiary of Iberdrola, has agreed to subscribe for 58.9 million new common shares in Eletropaulo at BRL25.51 per share. Following the completion of this acquisition, the company will launch a tender bid for the rest of the shares
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April 11, 2018
Canadian Solar wins 364 MW of 1 GW awarded in A-4 auction in Brazil
Canadian Solar Inc. has announced that it won three solar photovoltaic (PV) projects in Brazil's A-4 auction that was held on 4 April 2018. The projects have with a total insta...
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April 10, 2018
Cemig announced that it will delay the sale until next year
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April 10, 2018
Companhia Energetica de Minas Gerais (Cemig) will delay its sale of interest in Norte Energia's stake in the project until next year
Companhia Energetica de Minas Gerais (Cemig) will delay its sale of interest in Norte Energia's stake in the project until next year. Norte Energia holds 50.2% interest in the project
