Renova accepts Prisma Capital's binding offer for Phase B of Alto Sertao III project
Date
October 22, 2020
Type
M&A Transactions
Subtype
Transaction launched
Countries
Brazil
Subsectors
Onshore Wind
Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Brazilian firm Renova Energia SA has accepted the binding proposal of Prisma Capital to acquire the 375 MW Phase B of the 743 MW Alto Sertao III wind power complex in Bahia, Brazil.
The deal will be subject to approval such as the General Creditors' Meeting.
Prisma has made the bid in August 2020 with preferential rights for the acquisition.
