Enel to complete takeover of Eletropaulo through the remaining shares
Enel Brasil, a unit of Enel Group, is set to complete the takeover of the Brazilian distribution company Enel SP, formerly known as Eletropaulo, through the acquisition of the remaining stakes it does not own in the company.
Enel will acquire up to 8.13 million common shares of Eletropaulo, which corresponds to about 4.056% of the share capital of the company. The offer is priced to be BRL45.22 (US$10.79).
Enel intends to delist Eletropaulo from the Brazilian Securities Commission (CVM) and cancel its public registration.
Country updates
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October 18, 2019
Canadian solar awarded 393.7 MWp solar projects in Brazil
Canadian Solar Inc has been awarded three solar photovoltaic (PV) projects totaling 393.7 MWp in two recent Private Corporate Auctions held in Brazil in the third quarter of 2019. Canadian...
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October 17, 2019
Brazil approves capital increase in Eletrobras for privatization plan
The Government of Brazil has approved the proposed capital increase for the state utility, Eletrobras, as it prepares for the company privatization. Brazil is set to inject up to BRL10 bill...
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October 16, 2019
Neoenergia to develop 566.5 MW Oitis wind farm complex
Neoenergia's board of directors has approved the construction of the Oitis wind farm complex. The complex will be located in the states of Piauí and Bahia with an installed capacity of 566.5 MW...
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October 14, 2019
Light SA agrees to sell 17% stake in Renova Energia
Light SA, the Brazilian energy company, has reached an agreement to sell its 17.17% participation in Renova Energia SA to CGI Fundo de Investimento em Participacoes Multiestrategia. CGI will acquire a...
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October 11, 2019
GE secures a contract to supply turbines for 132.5 MW Ventos da Bahia expansion wind project in Brazil
GE Renewable Energy has signed an onshore wind contract with EDF Renewables in Brazil. This deal for GE’s Cypress platform — the company’s largest onshore wind turbine — is als...
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