AES Agrees to Sell its Equity Interest in AES Brasil for Approximately $640 Million
AES(AES) prnewswire.com·2024-05-16 06:19
Proceeds to be Used to Fund AES' Robust Growth in Renewables & US UtilitiesARLINGTON, Va., May 15, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) announced today that it has agreed to sell its 47.3% equity interest in AES Brasil to Auren Energia for approximately $640 million in proceeds to AES. This sale will be completed in conjunction with a merger between AES Brasil and Auren Energia, with AES Brasil shares valued at approximately 11.55 Brazilian Real per share, before purchase price adjustments. ...