|Day's Range||8.90 - 9.02|
|52 Week Range||5.14 - 12.04|
|PE Ratio (TTM)||17.73|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
The board of Brazilian utility Light SA has given its approval for Canada's Brookfield Asset Management Inc to enter exclusive negotiations to acquire its stake in renewable company Renova Energia SA, the company said in a securities filing. Light said that Brookfield's renewable energy unit in Brazil would have the right to negotiate exclusively for 60 days the acquisition of Light's stake in Renova and a cash injection into the company. Reuters first reported Brookfield's bid to buyout Renova in July 7.
Chinese investors may bid for assets belonging to Brazil's renewable energy company Renova Energia SA and power generation assets owned by Light SA, according to a letter sent to managers of the firms seen by Reuters. The plan announced by the company, known as Cemig, may entail the full sale of both Light and Renova. Cemig declined comment.
Chinese groups are interested in acquiring assets belonging to clean energy company Renova Energia SA and generation assets belonging to Renova's parent Light SA, according to a document seen by Reuters. ...