Reported Earlier, AES Agrees To Sell Its Equity Interest In AES Brasil To Auren Energia For ~$640M
Portfolio Pulse from Benzinga Newsdesk
AES has agreed to sell its equity interest in AES Brasil to Auren Energia for approximately $640 million. This sale will be completed alongside a merger between AES Brasil and Auren Energia, with AES Brasil shares valued at around 11.55 Brazilian Real per share before purchase price adjustments.
May 16, 2024 | 7:19 am
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AES is selling its equity interest in AES Brasil to Auren Energia for approximately $640 million. This transaction is part of a merger between AES Brasil and Auren Energia, with AES Brasil shares valued at around 11.55 Brazilian Real per share before adjustments.
The sale of AES's equity interest in AES Brasil for $640 million is a significant transaction that will likely have a positive short-term impact on AES's stock price. The deal is part of a larger merger, which could further enhance investor sentiment.
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