November 14, 2017
Brookfield Renewable Energy has outlined a BRL1.4bn ($427m) capital increase for Renova Energia offering a primary contribution for BRL6 a share.
According to a Monday securities filing, the capital increase would amount to 15.65% of Renova Energia's total shares, accounting for the effect of the share dilution.
The offer includes an earn-out of up to BRL1 per unit, related to any amount received by a future adjustment in the sale price of the Alto Sertao II Wind Complex. AES Tiete inked a sale
Canadian investor talks $427m capital increase, which, if approved, would give it a fresh 60 days of exclusive talks with the energy company