A unit of Brazil’s state-led utility holding company Centrais Eletricas Brasileiras SA sold its stake in a Nicaraguan hydroelectric project for $44.2 million, Eletrobras, as the parent company is known, said in a statement on Monday.
Centrales Hidrelectricas de Nicaragua, 50 percent owned by Eletrobras, sold the stake in the 253 megawatt Tumarin project to Nicaraguan utilities state-owned Empresa Nicaraguense de Electricidad and Distribuidora de Electricidad del Norte SA, Eletrobras said. (Reporting by Jeb Blount).
Recent Articles on M&A
[su_row] [su_column size=”1/2″] [su_posts template=”templates/teaser-loop.php” posts_per_page=”2″ tax_term=”8,502,19,5,6,4,7″ tax_operator=”0″ order=”desc” orderby=”rand”]s[/su_posts] [/su_column] [su_column size=”1/2″] [su_posts template=”templates/teaser-loop.php” posts_per_page=”2″ tax_term=”8,502,19,5,6,4,7″ tax_operator=”0″ order=”desc” orderby=”rand”]s[/su_posts] [/su_column] [/su_row]Source: Reuters.com