Announced
Financials
Sources
Tags
Integrated Oil and Gas
Public
energy sector
Single Bidder
Pending
Brazil
Friendly
Acquisition
Domestic
Majority
Synopsis
Eneva, a Brazilian energy utilities company, agreed to acquire Focus Energia, a firm engaged in the energy sector, for $162m. Eneva will pay 75% in cash and the remaining stake in stocks. The deal is part of Eneva's strategy to diversify its portfolio in renewable energy and would delist Focus Energia from the Bovespa stock exchange.
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