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Announced

Eneva to merge with Vibra Energia.

Synopsis

Eneva, a power generation company based in Rio de Janeiro, agreed to merge with Vibra Energia, a distributor and marketer of petroleum derivatives and biofuels of Brazil and Latin America. Financial terms were not disclosed. "If completed, a deal could result in significant efficiency and capital allocation gains. The two companies' businesses complement each other," Eneva.

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