Light Buys Stake in Renova Energia

Jul 12, 2011

Brazilian utility Light will make a BRL360m ($228m) investment in Renova Energia in exchange for a 26.2% stake in the company and the assumption of BRL165m of debt. Light is considering either a bond or a loan to fund...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management