The transaction is the first stage of a capital increase that could eventually total R$1.5bn and may further increase E.ON's minority stake in the company up to 49.9%.
E.ON also took out a R$100m bridge loan from four local banks - BTG Pactual, Banco Citibank, HSBC Bank Brasil and Itaú Unibanco - to help finance restructuring of a R$600m portion of Eneva’s debt.
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