March 12, 2020
AES Tietê, a Brazilian subsidiary of the US power company AES Corp, confirmed on Wednesday that it had raised concerns about the role of local investment bank BTG Pactual in an unsolicited takeover offer from Eneva.
AES Tietê Chairman Julian Nebreda sent a letter to BTG Pactual on March 9, asking if the bank had access to Eneva's confidential business plans when it worked on a stock offering by the power distribution company in April last year, AES Tietê said in a securities filing.
AES Tietê br
Brazilian renewable energy company raises concerns about a conflict of interest