Renova accepts new offer from AES Tietê

Renova accepts new offer from AES Tietê

M&A Energy Electricity Brazil

Renova Energia said its board of directors has accepted a revised offer from AES Tietê to acquire the Alto Sertão III wind power complex in the state of Bahia. Renova rejected a bid for Alto Sertão III and other wind power assets without explanation in January this year. The São Paulo-based energy company had previously accepted a BRL800m ($205m) offer from Canada's Brookfield, but it broke off the talks in May last year. AES Tietê, a subsidiary of the US energy company AES Corp, bought a nearby

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