CPFL to Retry Renewables IPO

CPFL to Retry Renewables IPO

Brazil Equity

CPFL Energias Renovaveis plans to try again to raise funds in the equity capital market after seeing better issuing conditions this year. The renewable energy generation unit of CPFL is looking to sell primary and secondary shares in an IPO to raise funds to develop its project pipeline, according to a regulatory filing. The timing and size remain to be determined, through the issuer was targeting up to BRL1bn ($488m) when it filed last year. BTG Pactual has been added to the bank lineup, joinin

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial