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Brazil's grupo Rede creditors approve Energisa takeover plan
July 5, 2013 / 9:35 PM / 4 years ago

Brazil's grupo Rede creditors approve Energisa takeover plan

SAO PAULO, July 5 (Reuters) - Creditors of Grupo Rede Energia SA, the Brazilian power distribution group seeking to emerge from bankruptcy protection, approved a recovery plan and a takeover bid by Energisa SA in a ballot on Friday.

The plan still has to be submitted to the bankruptcy court handling the Rede Energia case to win final approval.

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