Terms of the deal were not made public. Odebrecht Energias Alternativas is the renewable energy unit of Odebrecht, a Brazilian industrial, mining, petrochemical and construction conglomerate.

The deal is part of Grupo NC’s strategy to diversify its investment portfolio.

Odebrecht has been selling assets to pay debt and fines tied to the alleged role of certain executives in the corruption scandal known as “Lava Jato” involving state oil company Petrobras.

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