BNDES opens bidding for AES Tietê stake

BNDES opens bidding for AES Tietê stake

M&A Brazil Latin America Electricity

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial