Desenvix Gets Norwegian Boost

Desenvix Gets Norwegian Boost

Brazil M&A

Brazilian renewable energy developer Desenvix, unable to complete an IPO earlier this year due to market conditions, has received a $440m investment from Norwegian renewable energy company SN Power. Hydroelectric power specialist SN takes a 40.7% position in Desenvix, an arm of Brazilian engineer Engenvix. The deal substitutes the capital that Desenvix had hoped to raise by floating, though it still would consider an IPO 2-5 years from now, an investor relations official says. Desenvix has a por

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