Rede Holder Group Welcomes Second Offer

Jun 4, 2013

Bondholders of Brazil’s Rede Energia have welcomed a BRL3.2bn ($1.5bn) offer to buy nine Rede subsidiaries from Companhia Paranaense de Energia (Copel) and Energisa, which competes with a deal proposed last year from CPFL Energia and Equatorial Energia. The proposal is “a viable...

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