May 18, 2020 / 2:26 PM / 17 days ago

Brazil's Eneva rules out new bid for AES Tiete - CEO

SAO PAULO, May 18 (Reuters) - Brazilian power company Eneva SA is not planning a new bid for a merger with rival AES Tiete SA, Eneva’s chief executive told analysts on Monday, although it is still eyeing acquisition opportunities.

Earlier in April, AES Tiete’s controlling shareholder AES Corp rejected Eneva’s proposal for a 6.6 billion-real ($1.15 billion) cash and shares merger. ($1 = 5.7632 reais) (Reporting by Luciano Costa, writing by Carolina Mandl Editing by Chizu Nomiyama)

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