AES to buy Reliant’s Brazilian holdings for $430 million

An AES subsidiary will purchase about 30% of the shares to be sold while EDF will purchase the remainder. The purchase of a portion of the shares remains subject to a right of first refusal by Companhia Siderurgica Nacional (CSN) and approval by Brazilian regulatory authorities. The sale is expected to close by the end of the year.

By MICHAEL McBRIDE

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