December 18, 2013
Banco do Brasil has authorized the sale of a 19% stake in Itapebi Geracao d
Banco do Brasil has authorized the sale of a 19% stake in Itapebi Geracao de Energia to Neoenergia, it says. The bank expects a BRL175m ($75m) gain from the sale of the position in the generation company. Neoenergia owns 42% of the hydroelectric generator, located on the border of the states of Minas Gerais and Bahia.