CPFL Acquiring Wind Farm Operator

CPFL Acquiring Wind Farm Operator

Brazil M&A

Brazil’s CPFL Energia says it is acquiring local wind farm operator Jantus for BRL950m. It will also assume net debt of BRL544.2m. Jantus will be reorganized so that it indirectly owns all projects and operating assets owned by its subsidiaries other than Quintanilha Machado, which will become a subsidiary of Jantus II. CPFL says it is also looking to acquire Jantus II, for which it would pay BRL70m. “We see this acquisition as accretive for CPFL and expect a slightly positive market reaction to

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