AES Announces Agreement to Sell AES Sul in Brazil

The AES Corporation (NYSE: AES) announced today that it has entered into an agreement to sell its 100% equity interest in AES Sul, one of its utilities in Brazil, to CPFL Energia S.A. (NYSE: CPL) for BRL1,698 million (equivalent to $464 million at the expected BRL/USD conversion rate of 3.66 at the time of closing), subject to closing price adjustments. The transaction is expected to close in the second half of 2016, subject to approval by CPFL Energia’s shareholders and customary regulatory approvals. …. 


Auteur: Redactie

Reageren op dit artikel is niet mogelijk.