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Renova accepts Mubadala offer for hydropower plants


Renova accepts Mubadala offer for hydropower plants
Renova accepts Mubadala offer for hydropower plants
July 22, 2021
Brazilian renewable energy company agrees to sell its 51% stake in Brasil PCH to the Abu Dhabi-based sovereign wealth fund for $212 mln
M&AEnergyHydroBrazilMiddle East
Brazilian renewable energy company Renova Energia said it had accepted a binding offer to sell its stake in the hydroelectric power plant business Brasil PCH to Abu Dhabi-based sovereign wealth fund Mubadala for BRL1.1 billion ($212 million). 
Mubadala has the right to match any other bids that Renova could receive for Brasil PCH, the São Paulo-based company said in a securities filing on Tuesday. ....

Abu Dhabi Based , Renova Energia , Valor Econ , ரெனோவா எனர்ஜியா , வீரம் ஏகொன் ,