Farallon moves forward with talks to sell cement maker to CSN
CSN group is about to close the purchase of Cimentos Elizabeth, which belongs to the Farallon fund. The deal, valued at R$1.1 billion to be paid in cash, has already been agreed upon by both parties – it is now pending details, mainly legal, and contractual issues, sources say. CSN group operates in the steel, […]
Usina Batatais reaches deal with Cargill to buy Cevasa
Usina Batatais, a sugar-and-ethanol company owned by businessman Bernardo Biagi, has agreed to buy power station Central Energética Vale do Sapucaí (Cevasa), currently controlled by Cargill. The conclusion of the deal depends on the approval of the Administrative Council for Economic Defense (Cade). Cargill confirmed the deal and told Valor that the completion is subject […]
Casa dos Ventos and Energisa Comercializadora close deal
Casa dos Ventos has signed a long-term contract (PPA) with Energisa Comercializadora for the sale of energy from the Rio do Vento wind farm complex, in the northeastern state of Rio Grande do Norte, which is entering commercial operation. The agreement foresees the supply of 20 average megawatts (MW) from 2023 to 2038. The companies […]