AES sells stake in renewable assets to Itaú

AES sells stake in renewable assets to Itaú

Corporate & Sovereign Strategy Equity M&A Capital Markets ESG Solar Wind Energy Solar Wind Latin America South America Brazil

The Brazilian subsidiary of US power company AES Corp said it agreed to sell a stake in a renewable energy business to local bank Itaú Unibanco for BRL855 million ($154 million).  Itaú will take 19.9% of Guaimbê Holding, which holds stakes in the Guaimbê solar complex and the Alto Sertão II wind farm, AES Brasil said in a securities filing from Wednesday. "For AES Brasil, this is an opportunity to foster its growth project, directing the resources contributed by Itaú to expand its portfolio of e

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