Eneva increases AES Tietê’s cash amount to $400mm

Eneva proposed a new proposal to BNDES, which seeks to get rid of its participation in the electricity company. The offer includes another cash payment of approximately R$2 billion ($400mm), the equivalent of R$ 1.00 per common or preferred share or R$5.00 per unit. BNDES has 28.4% of AES Tietê’s capital.

Source: Infomoney