SAO PAULO: Brazilian electric utility CPFL Energia SA announced on Tuesday a memorandum of understanding with its parent company, China’s State Grid, for the potential acquisition of State Grid’s stake in its renewables arm CPFL Renovaveis. In a statement, CPFL Energia said the price of the offer will be negotiated but noted that State Grid […]
UPDATE 1-Brazil’s CPFL Energia offers to buy Chinese stake in renewables unit
SAO PAULO: Brazilian utility CPFL Energia SA said on Tuesday it had offered to buy parent company China’s State Grid’s stake in its renewables arm CPFL Renovaveis <CPRE3.SA>. In a statement, CPFL Energia said the price of the offer would be negotiated but noted State Grid has already said it would sell at 16.85 reais […]
