July 23, 2020 / 9:19 PM / 19 days ago

Brazilian power company Eneva proposes terms for tie-up with AES Tiete

July 23 (Reuters) - Brazilian power company Eneva SA has approached BNDES Participacoes SA with the terms of a potential tie-up with power company AES Tiete Energia SA , it said in a securities filing on Thursday.

BNDES Participacoes, a holding company for Brazilian state bank BNDES, is one of the biggest shareholders in AES Tiete. It is commonly known as BNDESPar. (Reporting by Gram Slattery Editing by Chris Reese)

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