Petrobras asks for Breitener offers

Petrobras asks for Breitener offers

M&A Energy Electricity Brazil

Brazil's Petrobras said it has issued invitations to present binding offers to buy its 93.7% stake in Breitener Energética, which operates two thermoelectric plants in the state of Amazonas. The two plants — Tambaqui and Jaraqui — have 315 MW in installed capacity and a 120 MW offtake agreement through 2025 with Amazonas Energia.Eligible bidders must have at least BRL400m ($99.9m) in equity or assets under management to present an offer. Crédit Agricole is advising the company on the sale.The o

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