Suez Ups Jirau Stake, Adds Loan

Suez Ups Jirau Stake, Adds Loan

Brazil Loans M&A

GDF Suez has increased its ownership of the Jirau hydroelectric project in Brazil to 60% from 50.1%, its Tractebel subsidiary says. The amount spent on the increase was not disclosed, though the BNDES notes a total project investment of BRL15.7bn ($7.6bn) as of June. The stake was purchased from Camargo Correa, its pattern in the Energia Sustentavel do Brasil special-purpose vehicle controlling the project, and is based on the value of the equity commitments made to this point Additionally the p

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