Brookfield revises offer for Brazil's Renova

Brookfield revises offer for Brazil's Renova

M&A Energy Brazil

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 sa

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