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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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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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