Votorantim Energia and CPPIB acquire controlling stake in CESP

A consortium formed by Votorantim Energia and CPPIB acquired 80.2% of common shares and 13.7% of class B preferred shares of Brazilian hydro generator CESP for R$1.7 billion.

“The consortium offered R$14.60 per common and class B preferred share for a 35.6% stake in the company's total share capital, representing a R$1.7 billion investment by the joint venture partners.”bnamericas.com

• 1 source
• bnamericas.comVotorantim Energia and CPPIB expand joint venture with acquisition of the controlling stake in CESP - BNamericasOct 22, 2018

Summarized from public sources; check the original articles before acting on it.