May 18, 2020 / 2:29 PM / 16 days ago

Brazil's Eneva rules out new bid for AES Tiete: CEO

SAO PAULO (Reuters) - Brazilian power company Eneva SA (ENEV3.SA) is not planning a new bid for a merger with rival AES Tiete SA (TIET11.SA), Eneva’s chief executive told analysts on Monday, although it is still eyeing acquisition opportunities.

Earlier in April, AES Tiete’s controlling shareholder AES Corp (AES.N) rejected Eneva’s proposal for a 6.6 billion-real ($1.15 billion) cash and shares merger.

Reporting by Luciano Costa, writing by Carolina Mandl; Editing by Chizu Nomiyama

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below