Companies · Energy
—The deal. Engie Brasil set the terms to buy a 40% stake in the Jirau hydro plant from its parent, valued at about R$5.74bn ($1.07bn).
—How it is paid. A new share sale funds the purchase, with the parent contributing its Jirau stake rather than cash.
—The size. The offer could raise up to R$8.36bn ($1.56bn) if an extra allotment is taken up in full.
—The asset. Jirau is one of Brazil’s largest hydro plants, with 3,750 megawatts of capacity on the Madeira river in the Amazon state of Rondônia.
