March 19, 2021 |
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
US power company's Brazilian subsidiary receives $154 mln for 19.9% of Guaimbê solar and wind holding company