16.05.2024 02:56:20 - dpa-AFX: AES To Sell Its 47.3% Stake In AES Brasil To Auren Energia For About $640 Mln
WASHINGTON (dpa-AFX) - AES Corp. (AES) said that it has agreed to sell its
47.3% equity interest in AES Brasil to Auren Energia for approximately $640
million in proceeds to AES.
AES noted that the sale will be completed in conjunction with a merger between
AES Brasil and Auren Energia, with AES Brasil shares valued at about 11.55
Brazilian Real per share, before purchase price adjustments.
The transaction is expected to close in 4 to 6 months.
AES said that it will use proceeds from the sale to Fund its growth in
Renewables & US Utilities.
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