May 11, 2018 / 9:04 PM / 5 months ago

Brazil's Eletropaulo to respond to acquisition offers by May 30

SAO PAULO, May 11 (Reuters) - Eletropaulo Metropolitana SA , Brazil’s largest power distribution company, said on Friday its board will respond by May 30 to proposals presented by Enel SpA and by Neoenergia SA to acquire controlling stakes in the company.

Brazilian market regulator CVM has scheduled a public auction on June 4 for Eletropaulo shares, where the two companies, and any other firms that might show interest in it, could present bids. (Reporting by Marcelo Teixeira Editing by Leslie Adler)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below