Eneva will propose $1.5 bn for AES Tietê

Eneva Electric informed that it will make a new proposal around R$7.5 billion ($1.5 bn) to incorporate AES Tietê, as long as it has the support of BNDESPar, the biggest shareholder of the generator that also has as partner the North American group AES. Eneva plans to pay the transaction with 130,498,292 new common shares and a cash portion of R$727.89 million ($145 mm).

Source: Reuters