Home / Daily Briefs / 2021 / 16 / Eletroriver, BSB take on Mubadala for Brasil PCH

Eletroriver, BSB take on Mubadala for Brasil PCH

Eletroriver, BSB take on Mubadala for Brasil PCH

September 16, 2021 | Thierry Ogier
Shareholders in hydroelectric power company make a matching offer to buy Renova's share for $210 mln

Equity M&A Asia Brazil Capital Markets Electricity

Eletroriver and BSB Energética have taken on Abu Dhabi-based sovereign wealth fund Mubadala and made a matching offer to buy the hydroelectric power plant operator Brasil PCH from Renova Energia, according to a securities filing. Mubadala offered to buy Renova's stake in Brasil PCH for BRL1.1 billion ($210 million) in July and it maintains the rights to match any counter-offers that the Brazilian company could receive.  Renova and Minas Gerais state power company Cemig own 51% of Brasil PCH thro

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