June 18, 2020 |
BNDESPar, the investment division of Brazil's national development bank BNDES, said Tuesday that it hired investment bank BR Partners to oversee the sale of its stake in the utility company AES Tietê.
The firm was selected after a competitive process ended June 12. BR Partners will conduct an independent evaluation of AES Tietê and look for potential purchasers, according to the securities filing.
BR Partner has not started its economic evaluation of AES Tietê or entered negotiations with potent
Brazil's national development bank looks to raise around $382 mln for its 28.4% in the power company