Renova's 294MW Alto Sertão 1 wind farm
By Alexandre Spatuzza in Sao Paulo
Tuesday, February 25 2014
The proceeds will be used to pay for the acquisition of control of Brasil PCH, and make cash available for current and future investments
This will raise Renova’s total capital to R$4.56bn from R$1.02bn.
State power company Cemig will acquire R$1.55bn of the capital increase. This will raise its direct stake in the company and give it a position in the firm's controlling block.
Non-voting stock was priced at R$17.78.
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