June 16, 2020 / 1:31 PM / 22 days ago

Brazilian development bank hires BR Partners to sell stake in AES Tiete

SAO PAULO (Reuters) - The investment arm of Brazilian development bank BNDES has hired investment bank BR Partners to sell its stake in power company AES Tiete Energia SA (TIET11.SA).

BR Partners will coordinate and define the sale model for AES Tiete, including a potential M&A process, BNDESPar said.

Reporting by Luciano Costa, Writing by Tatiana Bautzer

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